The Worst Aspect of Partnerships Is

question 55

Multiple Choice

The worst aspect of partnerships is

• A) the difficulty in forming them.
• B) the decisions about control and compensation.
• C) the possibility that a partner might be personally liable for firm obligations.
• D) that the firm's books and records must be made publicly available annually.
• E) that firm profits are taxed twice: once to the firm, and again to the partners when they get distributions.

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Definitions:

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A personality trait characterized by organization, dependability, and a strong sense of duty.

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Businesses that help individuals find jobs and assist employers in filling job vacancies.

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The act of imposing a payment for a service rendered or access provided.

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A form of financial assistance given by the government to support organizations or industries in the public interest.