Which of the Following Is Not a Characteristic of a Partnership

question 9

Multiple Choice

Which of the following is not a characteristic of a partnership?

• A) The partnership itself pays no income taxes.
• B) It is easy to form a partnership.
• C) Any partner can be held personally liable for all debts of the business.
• D) A partnership requires written Articles of Partnership.
• E) Each partner has the power to obligate the partnership for liabilities.

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Definitions:

Fill-In-The-Blank

A type of question or statement that requires the respondent to complete missing information.

Declarative Memories

Memories that can be consciously recalled, such as facts and events.

Nondeclarative Memories

Memory stored and retrieved unconsciously, such as skills and conditioned responses, which do not require conscious thought to be recalled.

Explicit

Stated clearly and in detail, leaving no room for confusion or interpretation.