Which of the Following Is a Significant Disadvantage of a General

question 67

Multiple Choice

Which of the following is a significant disadvantage of a general partnership?

• A) The cost of forming it is high.
• B) Each partner is fully responsible for the liabilities incurred by the partnership.
• C) There is a risk associated with the industry in which it operates.
• D) Forming the business is very complex.

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Definitions:

Ideal Self

A concept representing the person one desires to be, often seen as a motivational driver influencing behavior.

Self-discrepancies

Refers to the differences between an individual's actual self-concept and their ideal or ought self, which can affect mental health and motivation.

Introspection

The study or scrutiny of one's own psychological and emotional states.

Actual Self

Represents an individual's perception of themselves as they are, rather than how they wish to be.