Partnerships Are a Common Form of Business Entity for Small

question 10

Multiple Choice

Partnerships are a common form of business entity for small service businesses because:

• A)they provide legal protection for the proprietor from the creditors of the firm.
• B)they are ideal for where the business is owned by one person.
• C)there are no legal requirements that need to be met to form a partnership.
• D)they allow the company to buy,own and sell property.

---

Definitions:

Publicity Tools

Various methods and mediums used to generate public attention or news coverage for a product, event, or organization, often without direct payment.

Nonpersonal Presentation

A marketing strategy that involves the promotion of products or services without direct human interaction, typically through media and digital channels.

Direct Cost

Expenses that can be directly attributed to the production of specific goods or services, such as raw materials and labor costs.

Implementation Process

The series of actions taken to put a plan or strategy into action.