As Compared to a Company with a Similar Number of Shareholder's

question 48

Multiple Choice

As compared to a company with a similar number of shareholder's as there are partners in the partnership, an advantage of a partnership is:

• A) mutual agency.
• B) unlimited liability.
• C) limited contributions.
• D) less government regulation.

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Definitions:

Durable Good

A type of goods that are not consumed all at once but rather used or consumed over a long period, such as appliances, furniture, and automobiles.

Obsolete

This term refers to products, services, or technologies that have become outdated and replaced by newer, more efficient alternatives.

Ultimate Consumers

The end-users who purchase products or services for personal use rather than for resale or manufacturing.

Many Uses

A characteristic of products or services that can be utilized in multiple ways or for various purposes, enhancing their appeal.