Which of the Following Is Not a Disadvantage of Forming

question 38

Multiple Choice

Which of the following is not a disadvantage of forming a business as a partnership?

• A) Unlimited liability for the owners.
• B) Limited life of the organization.
• C) Difficulty of transferring ownership.
• D) Difficulty in raising capital.
• E) Business is taxed like an individual.

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Definitions:

Percentage Form

A way to express a number as a fraction of 100.

Royalty

A payment made to the owner of a certain property, right, or patent for the use of that property by others.

Textbook Sales

The activity of selling educational books typically used in schools, colleges, and universities.

Value

An expression of the worth of something, typically in monetary terms but can also encompass subjective aspects like sentimental value.