Which of the Following Is an Advantage of the General

question 123

Multiple Choice

Which of the following is an advantage of the general partnership form of business organization?

• A) limited liability of business owners
• B) low cost of formation
• C) easy ability to raise capital
• D) double taxation

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Definitions:

Efficient

Describes a system or process that operates in a way that maximizes productivity or output with minimal waste or expense.

External Cost

A cost that is not borne by the parties involved in an economic transaction, often affecting third parties.

Zoning Restrictions

Legal regulations governing how land within certain areas can be used, intended to separate residential property use from commercial and industrial uses.

Land Defilement

Refers to the degradation or contamination of land due to misuse or improper disposal of waste.