Which of the Following Is NOT a DISADVANTAGE of a Partnership

question 52

Multiple Choice

Which of the following is NOT a DISADVANTAGE of a partnership?

• A)Unlimited liability to at least some of the owners
• B)The limited life of the business
• C)The potential difficulty in transferring ownership
• D)All are disadvantages of a partnership.

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Definitions:

Bounded Rationality

A concept that decision-makers are limited by the information they have, cognitive limitations, and finite time to make decisions.

Bounded Rationality

The concept that when individuals make decisions, their rationality is limited by the information they have, the cognitive limitations of their minds, and the finite amount of time they have to make a decision.

Political Acceptability

The degree to which a policy, action, or decision is considered acceptable by political entities and the general public.

Organizational Members

Individuals who are part of a company or institution and contribute to its goals and culture.