Which of the Following Is a Characteristic of Partnerships

question 114

Multiple Choice

Which of the following is a characteristic of partnerships?

• A) They cannot operate in more than one state without obtaining a license to do so.
• B) They are generally subject to more regulation and governmental supervision than a corporation.
• C) They may not use any word in the name that would imply the existence of a corporation.
• D) They are the least expensive form of business organization.
• E) They allow unlimited number of people to become partners.

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Definitions:

Belief in a Just World

The cognitive bias that assumes people get what they deserve, leading to rationalizing suffering and rewarding.

Good Samaritan Effect

The phenomenon where people are more likely to offer help to others in need without expecting anything in return.

Commons Dilemma

A situation in shared-resource systems where individual users acting independently according to their own self-interest behave contrary to the common good of all users by depleting or spoiling that resource.

Bystander Effect

The phenomenon where individuals are less likely to offer help to a victim when other people are present.