An advantage of the partnership form of business is that the life of the partnership is limited.

Name: An advantage of the partnership form of business is that the life of the partnership is limited.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The statement is incorrect because the limited life of a partnership, where the business can dissolve if a partner leaves or passes away, is generally considered a disadvantage rather than an advantage.

An Advantage of the Partnership Form of Business Is That