The Major Disadvantage of a General Partnership Is

question 13

Multiple Choice

The major disadvantage of a general partnership is:

• A)each partner is fully responsible for the liabilities incurred by the partnership.
• B)it is difficult to raise equity capital.
• C)the costs of forming the partnership are high.
• D)profits are taxed double.

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Definitions:

Lordosis

Increased lumbar curvature.

Lumbar Spine

The lower part of the spine consisting of five vertebrae (L1-L5) that support much of the upper body’s weight and provide flexibility and movement.

Anterior Convex

A description of a curvature or surface that bulges outward toward the front.

Logrolling Technique

A method used in medical and rescue situations to move a patient without flexing the spinal column, by rolling them as a unified whole.