Which of the Following Is Not an Advantage of Starting

question 246

Multiple Choice

Which of the following is not an advantage of starting a new business as a partnership?

• A)The owners have complete control over the business.
• B)A partnership has few government rules and regulations to comply with.
• C)Business profits are only taxed once,not twice.
• D)A partnership can easily attain additional funding.

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Definitions:

Disposition

The act of selling, giving away, or disposing of property; also pertains to the inclination or temperament of a person.

Fixture

A piece of equipment or furniture which is fixed in position in a property, making it a part of the property.

Disinterested Third Party

A disinterested third party is an independent individual or entity with no personal stake or bias in the outcome of a negotiation or decision-making process.

Real Property

Real property refers to land and anything permanently attached to it, such as buildings or natural resources.