All of the Following Are Advantages of a Partnership Except

question 39

Multiple Choice

All of the following are advantages of a partnership except ________.

• A)partnerships are relatively easy and inexpensive to establish
• B)partnerships avoid double taxation since the partnership itself is not subject to federal taxation
• C)partnerships have the greatest ability to accumulate capital of all of the forms of ownership
• D)partnerships offer the ability to combine the management and business skills of two or more people in a complementary and powerful fashion

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Definitions:

Unemployment Rates

The percentage of the labor force that is jobless and actively seeking employment.

Professional Jobs

Positions that require specialized knowledge and often advanced education in a defined career path.

Manufacturing

The industrial process of producing goods and products in large quantities, typically through the use of machinery and labor.

Construction

The process of building or assembling infrastructure, buildings, and other structural projects from the initial planning stages to completion.