Which of the Following Is an Advantage of a Partnership

question 89

Multiple Choice

Which of the following is an advantage of a partnership?

• A)Partnerships are less expensive to organize than corporations.
• B)The owners of a partnership are generally exempted from personal income taxes.
• C)The owners who contribute an asset to the partnership retain absolute claim on the asset.
• D)Partnerships have a higher cost of financial distress than those of a corporation.

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Definitions:

Biological Psychology

A branch of psychology that studies the physiological bases of behavior in humans and animals.

Evolutionary Psychology

A theoretical approach in the social and natural sciences that examines psychological structure from a modern evolutionary perspective.

Functionalism

A theory in psychology that considers mental life and behavior in terms of active adaptation to the person's environment.

Venting Anger

The act of expressing or releasing feelings of anger in various ways, which can be constructive or destructive.