Which of These Is Not a Disadvantage of a Partnership

question 33

Multiple Choice

Which of these is not a disadvantage of a partnership?

• A) The principle of mutual agency
• B) Unlimited liability
• C) The difficulty of transferring partnership interests
• D) The liability of the partnership for taxation

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Definitions:

Responsibilities

Duties, tasks, or obligations that an individual or organization is required or expected to carry out or fulfill.

Special Projects

Specific, often temporary initiatives undertaken to achieve particular goals, typically requiring dedicated resources and attention.

Job Crafting

The process by which employees tailor their job tasks, relationships, and perceptions to better fit their personal skills, interests, and preferences.

Challenging Assignments

Tasks or projects that require significant effort and skill, designed to push individuals or teams beyond their current capabilities.