All of the Following Are Advantages of Partnerships Except One

question 184

Multiple Choice

All of the following are advantages of partnerships except one.Which is the exception?

• A)they are relatively easy to start
• B)their profits are taxed once as personal income
• C)their liability is limited by each partner's share of the business
• D)a greater opportunity for specialization by the owners
• E)a continuation of the firm if one partner dies

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Definitions:

Delegation

The process of distributing and entrusting work to others.

Dynamic Environments

Situations or systems that are constantly changing and require adaptability and flexibility from those within them.

Organic Designs

Flexible, adaptive organizational structures characterized by decentralized decision-making, broad job descriptions, and a network of communications that encourage collaboration.

Narrow Spans Of Control

An organizational structure with a small number of subordinates reporting directly to a manager, allowing for closer supervision.