Which of the Following Are Disadvantages of a Partnership

question 44

Multiple Choice

Which of the following are disadvantages of a partnership?
I.limited life of the firm
II.personal liability for firm debt
III.greater ability to raise capital than a sole proprietorship
IV.lack of ability to transfer partnership interest

• A)I and II only
• B)III and IV only
• C)II and III only
• D)I, II, and IV only
• E)I, III, and IV only

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Definitions:

Politics

The activities associated with the governance of a country or area, especially the debate or conflict among individuals or parties hoping to achieve power.

Power Resources

Various assets or means available to individuals, groups, or nations that provide them with influence and the ability to affect change.

Policy Preferences

Policy preferences are the specific inclinations or desires regarding governmental actions or strategies, reflecting an individual's or group's values, beliefs, or interests.

Process Power

The influence that individuals or groups can exert through their understanding and manipulation of procedural aspects within a system.