Which Statement Concerning the Partnership Form of Ownership Is Not

question 38

Multiple Choice

Which statement concerning the partnership form of ownership is not correct?

• A) Partnerships are subject to double taxation.
• B) Partnerships are simpler to form than a corporation.
• C) A partnership binds all partners to actions made by any individual partner acting on behalf of the company.
• D) Responsibility and expertise may be divided among partners.

---

Definitions:

Z Score

A statistical measurement that describes a value's relationship to the mean of a group of values, measured in terms of standard deviations from the mean.

Mean

The mean is a measure of central tendency that calculates the average value of a set of numbers by dividing the sum of those numbers by their quantity.

Z Score

A statistical measure that describes a value's relationship to the mean of a group of values, measured in terms of standard deviations from the mean.

Scores

Quantitative values assigned to individuals to represent or measure specific traits or outcomes.