Advantages of the Partnership Form of Organization Are

question 189

Multiple Choice

Advantages of the partnership form of organization are

• A) access to more financial capital than proprietorships and no double taxation.
• B) limited liability and continuity of the firm if one owner dies.
• C) freedom from double taxation and limited liability.
• D) limited liability and access to more financial capital than proprietorships.

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Definitions:

Maiden Name

The surname a woman has before she gets married and often changes her surname.

Avoiding

A conflict management style of not paying attention to the conflict and not taking any action to resolve it.

Conflict Management

The practice of identifying and handling conflicts in a sensible, fair, and efficient manner.

Not Paying Attention

The lack of focus or concentration on a task or the present moment, often leading to errors or missed information.