Which of the Following Is Not an Advantage of a General

question 59

Multiple Choice

Which of the following is not an advantage of a general partnership?

• A) Businesses losses can be deducted against the partners' other source of income.
• B) The skills and abilities of more than one individual are available to the firm.
• C) The liquidity of each partner's investment is low.
• D) Creating one is relatively easy and inexpensive compared to a c corporation or limited liability company.
• E) It is not subject to double taxation.

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Definitions:

Minerals

Naturally occurring, solid chemical compounds or elements with a defined composition and crystal structure, found in the Earth's crust.

Stability

The state or quality of being resistant to change, disruption, or displacement, often used in various scientific disciplines such as chemistry, physics, and engineering to describe systems or structures.

Fractures

Breaks or cracks within rock or Earth's surface caused by physical stress and strain.

Rock

A naturally occurring solid aggregate of minerals or mineraloids.