Which of the Following Is True of Partnerships

question 53

Multiple Choice

Which of the following is true of partnerships?

• A) It does not get terminated upon the death of one or more partners.
• B) It does not allow one partner to obtain bonding protection against the acts of the other partner(s).
• C) It cannot obtain financial resources from more than one person.
• D) It does not incur unlimited liability on its partners for the firm's debt.

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Definitions:

Human Relations

Interpersonal interactions and relationships, emphasizing emotional, social, and professional connections among individuals.

New Millennium

The period that began in the year 2000, characterized by significant technological advancements and global interconnectedness.

Social Needs

Human requirements for belonging, affection, acceptance, and friendship.

Emotional Support

Assistance provided by acting through empathy, concern, encouragement, and caring to help someone cope with their emotional or psychological struggles.