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:

Operations Manager

A role responsible for overseeing, designing, and controlling the process of production and redesigning business operations in the production of goods and services.

OM Function

Operations management function, which involves the responsibility for planning, organizing, and supervising the processes that produce a company's goods or services.

Money Transfers

The process of moving funds from one account or individual to another, through various methods such as electronic transfers, wire transfers, or checks.

Multifactor Productivity

Indicates the ratio of the goods and services produced (outputs) to many or all resources (inputs).