Which of the Following Is True of General Partnership

question 36

Multiple Choice

Which of the following is true of general partnership?

• A) A business should make a profit in order to qualify as a general partnership.
• B) The general partners need not be the co-owners of the business.
• C) General partnerships can be oral or implied from the conduct of the parties.
• D) Charity organizations and schools are mostly formed from general partnerships.

---

Definitions:

Daily Functioning

Refers to the routine activities and behaviors performed by an individual on a day-to-day basis.

Immoral

Actions or behaviors that go against accepted moral principles or standards of conduct.

Homosexuality

Romantic or sexual attraction or behavior between members of the same sex or gender.

Psychological Disorder

A pattern of behavioral or psychological symptoms that impact multiple areas of life and/or bring significant distress.