All of the Following Are Advantages of a Partnership Except

question 39

Multiple Choice

All of the following are advantages of a partnership except ________.

• A)partnerships are relatively easy and inexpensive to establish
• B)partnerships avoid double taxation since the partnership itself is not subject to federal taxation
• C)partnerships have the greatest ability to accumulate capital of all of the forms of ownership
• D)partnerships offer the ability to combine the management and business skills of two or more people in a complementary and powerful fashion

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Definitions:

Mean

A statistical measure representing the average value of a set of numbers.

Distribution

The process by which goods or services are spread or made available to consumers or through which phenomenon are spread across a population or area.

Misleading

Information or statements that lead to incorrect impressions, interpretations, or understanding, often intentionally.

Skewed Distribution

A distribution of data where most values are on one side of the mean, resulting in a curve that is not symmetrical.