A Primary Advantage of a General Partnership, Compared with a Corporation

question 120

Multiple Choice

A primary advantage of a general partnership, compared with a corporation, does not include which of the following?

• A) Ease of formation.
• B) Limited liability for the owners.
• C) No income tax on the business itself.
• D) Complete control by the partners.

Identify the characteristics and advantages of different modes of legal protection for intellectual property.

Discuss the implications of global and local perspectives in innovation and the selection of site leaders for overseas R&D centers.

Explain the concept of trade secrets and their roles in giving a business a competitive advantage.

Understand the importance of collaboration within and outside the firm for innovation.