How Do a Partnership and a Corporation Differ

question 109

Multiple Choice

How do a partnership and a corporation differ?

• A)Partnerships have unlimited liability while corporations have limited liability.
• B)Corporations can issue stocks and bonds, while partnerships cannot.
• C)Corporations face more taxes than do partnerships.
• D)All of these are differences between the two types of businesses.

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Definitions:

Diminished Respect

Diminished respect describes a reduction in the admiration, esteem, or regard that someone holds for another person or entity, often due to actions or behaviors deemed unacceptable or disappointing.

Increased Social Pressure

The amplification of societal or group force that influences individuals to conform to expected norms or behaviors.

Directive Leadership

A leadership style characterized by giving clear, explicit instructions and expecting compliance from team members.

Organizational Commitment

The extent to which an employee develops an attachment and feels a sense of loyalty to their employer.