Which of the Following Statements Best Describes a General Partnership

question 124

Multiple Choice

Which of the following statements best describes a general partnership?

• A) General partnerships are usually double-taxed.
• B) A general partnership is an entity separate from its owners.
• C) Partners in a general partnership co-own the company's assets.
• D) A general partnership is the most popular form of business ownership.

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Definitions:

Urethra

The tube that conveys urine from the bladder to the outside of the body in both sexes, and also transports semen in the male reproductive system.

Leydig Cells

Testosterone-producing cells in the testes that react to luteinizing hormone.

Interstitial Cells

Cells located in the testes that produce testosterone, playing a key role in the development of male secondary sexual characteristics.

Testosterone

A primary male sex hormone responsible for the development of male secondary sexual characteristics, though also present in females in smaller amounts.