Which of These Is Not a Disadvantage of a Partnership

question 33

Multiple Choice

Which of these is not a disadvantage of a partnership?

• A) The principle of mutual agency
• B) Unlimited liability
• C) The difficulty of transferring partnership interests
• D) The liability of the partnership for taxation

---

Definitions:

Fiedler’s Contingency Model

A leadership theory that suggests the effectiveness of a leader is dependent on the situational context and the leader's preferred style of leading.

Leadership Style

The approach or manner in which a leader directs, motivates, and manages their team or organization.

Leadership Substitutes

Factors in the workplace that reduce the need for a leader's direct involvement in guiding subordinates, such as advanced technology, rigid routines, or highly skilled employees.

Team-Based Structures

Organizational designs that prioritize teamwork and collaboration by forming groups or teams tasked with specific projects or objectives.