Disadvantages of a Partnership Include

question 52

Multiple Choice

Disadvantages of a partnership include:

• A)Unlimited life and mutual agency.
• B)Mutual agency and limited liability.
• C)Unlimited liability and unlimited life.
• D)Limited Life and limited liability.
• E)Limited life,mutual agency and unlimited liability are all disadvantages of a partnership

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Definitions:

Cognitive Dissonance

The mental discomfort experienced when holding two or more contradictory beliefs, values, or ideas simultaneously.

Attitudes

Psychological tendencies expressed by evaluating particular entities with some degree of favor or disfavor.

Role-Playing

A method of learning or therapy involving acting out roles in particular situations, often used to improve skills or behaviors.

Pro-Business

Favorable or supportive of the interests of businesses and companies, often in terms of policies or attitudes.