A Disadvantage of General Partnerships Is

question 102

Multiple Choice

A disadvantage of general partnerships is:

• A)double taxation of distributed profits.
• B)the partnership's assets are commingled with each partner's personal assets.
• C)only individuals can be partners.
• D)each partner may conduct business in the name of the entity and make agreements that legally bind all partners.

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Definitions:

Biological Family

The group of individuals related by blood or genetics, including parents, siblings, and extended relatives such as grandparents, aunts, and uncles.

HRAF

The Human Relations Area Files, a database of ethnographic information that facilitates cross-cultural studies.

Cross-cultural

Pertaining to or comparing different cultures, emphasizing differences and similarities in behaviors, practices, and beliefs.

Anthropology

The scientific study of humans, human behavior, and societies in the past and present, encompassing cultural, social, and physical aspects.