Which of the Following Is False Regarding a General Partnership

question 8

Multiple Choice

Which of the following is false regarding a general partnership?

• A) It is easy to create.
• B) Income of the business is personal income.
• C) Business losses can be deducted from taxes.
• D) The partners are considered agents of the partnership.
• E) In most cases partners do not have personal liability for losses.

Recognize the significance of alternatives (BATNAs) and how to identify them.

Comprehend the role and process of field analysis in understanding key parties and their interests.

Learn the objectives and strategies to effectively close a deal.

Identify different negotiation strategies and their impacts, including win-lose and win-win approaches.