Disadvantages of a Partnership Include

question 52

Multiple Choice

Disadvantages of a partnership include:

• A)Unlimited life and mutual agency.
• B)Mutual agency and limited liability.
• C)Unlimited liability and unlimited life.
• D)Limited Life and limited liability.
• E)Limited life,mutual agency and unlimited liability are all disadvantages of a partnership

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Definitions:

Religious Organizations

Groups or institutions dedicated to the practice and propagation of religious beliefs.

Central Government

The chief national authority governing a country, typically responsible for national policies and affairs.

Largest Purchasers

Entities or individuals that buy goods or services in large quantities, often having significant influence over market prices.

Payroll Companies

Businesses that specialize in managing the compensation of employees for other companies, including wages, taxes, and other deductions.