Compared to a proprietorship, a disadvantage of a partnership is
A) that profits are taxed twice.
B) that it is harder to keep the firm going after the death of an owner.
C) unlimited liability.
D) that potential liability to each partner is greater.
Correct Answer:
Verified
Q177: Mary and Jane are partners in a
Q178: By definition, a firm is
A) a business
Q179: All of the following are characteristics of
Q180: Expenses that a firm does NOT have
Q181: A business owned by two or more
Q183: The characteristic of limited liability enables corporations
Q184: The most likely source of investment funds
Q185: Limited liability exists when
A) the liability of
Q186: If the death of an owner causes
Q187: Dividends are
A) the portion of a corporation's
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents