Which of the Following Is an Advantage of a Partnership

question 7

Multiple Choice

Which of the following is an advantage of a partnership?

• A) No license, charter, or agreement legally required
• B) Joint liability for company debts
• C) Least regulated form of business
• D) Ownership is easy to transfer
• E) Can raise money using capital markets (debt and equity)

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Definitions:

Raw Materials

Raw materials are the basic, unprocessed inputs needed in the manufacturing process to produce finished goods.

Factory Payroll

Factory Payroll includes the total compensation paid to employees working within the manufacturing operations, directly involved in producing goods.

Direct Materials

Raw materials that can be directly traced to the manufacturing process of a product.

Raw Materials

Basic materials that are used in the initial stages of the production process, before being transformed into finished products.