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:

Multicultural Organization

An organization that embraces diversity, promotes inclusivity, and integrates a variety of cultural perspectives into its operations and values.

Societally Based Subcultures

Groups within a larger society that distinguish themselves through unique cultural norms, values, and practices, often formed around shared interests or identities.

Values Diversity

Appreciation and respect for differences in culture, perspective, background, and values among individuals or groups.

Counterculture

A subculture whose values and norms of behavior differ substantially from those of mainstream society, often in opposition to mainstream cultural norms.