Which of the Following Is NOT a Characteristic of a Partnership

question 46

Multiple Choice

Which of the following is NOT a characteristic of a partnership?

• A)The partners have limited liability for the debts of the partnership.
• B)The partnership pays no separate business profit tax.
• C)Each partner has a separate capital account.
• D)Each partner has mutual agency.

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Definitions:

Adaptations

The method through which a species adapts to its surroundings; this occurs as natural selection works on variation that can be passed down through generations.

Seals

A group of aquatic mammals known for their streamlined bodies, flippers, and often living in cold seas, part of the family Phocidae.

Dolphins

A group of aquatic mammals within the family Delphinidae known for their intelligence, social behavior, and vocalizations.

Fick's Law

Fick's law describes the rate of diffusion of a substance across a membrane, based on the concentration gradient, membrane surface area, and diffusion distance.