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:

Mental Space

A conceptual area in the mind where thoughts, feelings, and mental activities are processed.

Attentional Blink

A phenomenon where a person may not perceive a visual stimulus if it occurs within a short time (about 200-500 milliseconds) after another stimulus.

Stimulus

An event or object that elicits a specific functional reaction in an organ or tissue.

Heterosexism

An ideology and set of institutional practices that privilege heterosexual individuals and relationships over others, often resulting in discrimination against non-heterosexual people.