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Author Question: Which of the following is NOT a DISADVANTAGE of a partnership? A) Unlimited liability to at least ... (Read 45 times)

brutforce

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on: Jul 10, 2018
Which of the following is NOT a DISADVANTAGE of a partnership?
 
  A) Unlimited liability to at least some of the owners
  B) The limited life of the business
  C) The potential difficulty in transferring ownership
  D) All are disadvantages of a partnership.

Question 2

Which of the following is NOT an ADVANTAGE of a partnership?
 
  A) A potential increase in available capital over a sole proprietorship
  B) The commingling with the general partner's personal assets
  C) The potential for more talent and skills in the business
  D) All are advantages of a partnership.


canderson530

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Reply #1 on: Jul 10, 2018
Answer to Question 1

Answer: D

Answer to Question 2

Answer: B
Explanation: B) This is considered a disadvantage of a partnership.


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