Which of the Following Is a Not a Disadvantage of Operating

question 10

Multiple Choice

Which of the following is a not a disadvantage of operating as a partnership rather than as a company?

• A) Fewer disclosure requirements
• B) Greater difficulty in selling a share of the business.
• C) Personal liability for all obligations of the partnership.
• D) Partners can act on behalf of the other partners and bind them to a contract by acting within the apparent scope of the business.

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Definitions:

Extra Credit

Additional points or marks given to students beyond the required assignments, often used as an incentive to encourage further learning or participation.

Negative Reinforcement

The strengthening of a behavior because it removes or diminishes a negative outcome.

Positive Reinforcement

The process of encouraging a particular behavior by offering a reward or positive outcome following that behavior.

Secondary Reinforcement

A form of reinforcement that involves the use of a stimulus that has acquired its reinforcing properties through its association with a primary reinforcer.