The Disadvantages of the Partnership Form of Business Organization, Compared

question 17

Multiple Choice

The disadvantages of the partnership form of business organization, compared to corporations, include

• A) the legal requirements for formation.
• B) unlimited liability for the partners.
• C) the requirement for the partnership to pay income taxes.
• D) the extent of governmental regulation.
• E) the complexity of operations.

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Definitions:

Beneficence, Nonmaleficence

Ethical principles in healthcare and research emphasizing doing good and avoiding harm to others.

ACA Code

The ethical guidelines set forth by the American Counseling Association, outlining professional conduct and ethical standards for counselors.

Main Purposes

The primary objectives or goals that a project, study, or organization aims to achieve.

Licensure Laws

Regulations that govern the licensing requirements for professionals in certain fields, ensuring they meet specific standards of practice.