Multiple Choice
Which of the following is a significant disadvantage of a general partnership?
A) The cost of forming it is high.
B) Each partner is fully responsible for the liabilities incurred by the partnership.
C) There is a risk associated with the industry in which it operates.
D) Forming the business is very complex.
Correct Answer:
Verified
Correct Answer:
Verified
Q62: Most criticism of the Sarbanes-Oxley Act focuses
Q63: Which of the following goals is in
Q64: The goal of maximize shareholder wealth inevitably
Q65: The goal of profit maximization ignores the
Q66: The Sarbane-Oxley Act addresses insider trading by
Q68: From a financial point of view, a
Q69: The goal of profit maximization is equivalent
Q70: In an efficient market, prices will quickly
Q71: A corporation is owned by<br>A) shareholders and
Q72: What is the chief disadvantage of the