All of the Following Are Advantages of Partnerships Except One

question 131

Multiple Choice

All of the following are advantages of partnerships except one.Which is the exception?

• A)They are relatively easy to start.
• B)Their profits are taxed once as personal income.
• C)Their liability is limited by each partner's share of the business.
• D)They offer a greater opportunity for specialization by the owners.
• E)They enable continuation of the firm if one partner dies.

---

Definitions:

Muslim Fundamentalism

A movement within Islam that seeks to return to the original teachings and practices of the Prophet Muhammad and the Qur'an, often with a strict interpretation of Islamic law.

Protestant Values

Ethical and moral principles stemming from the Protestant Reformation, emphasizing individual faith, hard work, and reading the Bible.

Capitalism

An economic system characterized by private or corporate ownership of goods and the means of production, with the creation and distribution of goods and services primarily driven by competition in a free market.

Secular Society

A society where religion does not play a central or authoritative role in public or political life, emphasizing separation between religion and state.