Friday, July 15, 2011

All of the following are advantages of partnerships except one

ECONOMICS

Multiple Choice

All of the following are advantages of partnerships except one. Which is the exception?

a.they are relatively easy to start

b.their profits are taxed once as personal income

c.their liability is limited by each partner's share of the business

d.a greater opportunity for specialization by the owners

e.a continuation of the firm if one partner dies

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