Which of the Following Is NOT an Advantage of a Partnership

question 1

Multiple Choice

Which of the following is NOT an advantage of a partnership?

• A) Partners' income taxes may be less than the income taxes would be on a corporation.
• B) Each partner has limited liability.
• C) It is possible to bring together more managerial skills than in a sole proprietorship.
• D) It is possible to bring together more capital than in a sole proprietorship.

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Definitions:

Prevention Cost

Costs incurred to prevent defects in products or services, part of quality control measures.

Quality Training

The process of instructing employees on the standards and procedures necessary to ensure that products or services meet quality expectations.

Debugging Software Errors

The process of identifying, analyzing, and fixing bugs or errors in software code to ensure the program runs correctly and efficiently.

Appraisal Cost

Expenses incurred to detect defective products or services before they are delivered to customers, part of quality control efforts.