Which of the Following Statements Best Describes Partnerships

question 34

Multiple Choice

Which of the following statements best describes partnerships?

• A)Corporations are at a disadvantage relative to partnerships because they have to file more reports to regulatory agencies, even if they are not publicly owned.
• B)In a regular partnership, liability for the firm's debts is limited to the amount a particular partner has invested in the business.
• C)A fast-growth company would be more likely to set up as a partnership for its business organization than would a slow-growth company.
• D)There must be at least one person acting as a general partner in a limited partnership.

---

Definitions:

Influenza Vaccination

A shot or nasal spray that provides protection against the influenza virus, recommended annually.

Physical Therapy

A branch of rehabilitative health that uses specially designed exercises and equipment to help patients regain or improve their physical abilities.

Blood Pressure Medication

Drugs used to control or lower the pressure exerted by circulating blood upon the walls of blood vessels.

Preparation Stage

A phase in behavior change models where individuals are readying themselves to adopt new behaviors or habits.