A Significant Disadvantage of a Partnership Is

question 131

Multiple Choice

A significant disadvantage of a partnership is:

• A)the unlimited personal liability for all partners.
• B)the inability to attract either additional capital or new partners due to the complexity of rewriting the agreement.
• C)the difficulty of disposing a partnership interest without dissolving the partnership.
• D)the regulatory complexity under which a partnership must be formed and operated.

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Definitions:

Humanistic

A psychological perspective emphasizing empathy and the good in human behavior, focusing on self-improvement, free will, and the unique individual experience.

Moment-To-Moment

Describes changes and fluctuations in feelings, thoughts, and behaviors that occur in real-time or very short periods, often studied through experience sampling methods.

Labeling Personality

The process of classifying and describing an individual's character or personality traits.

View Of Reality

An individual's perception or interpretation of the world around them, influenced by personal experiences and beliefs.