What is the most important advantage of general partnerships? O a. the ease of implementing an effective control system O b. the ability to grow with the addition of new talent and money O c. the increased role of luck d. the unlimited liability of the partnership

What is the most important advantage of general partnerships? O a. the ease of implementing an effective control system O b. the ability to grow with the addition of new talent and money O c. the increased role of luck d. the unlimited liability of the partnership

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter15: Partnership Accounting

Section: Chapter Questions

Problem 3MC: Which of the following is a disadvantage of the partnership form of organization? A. limited life B....

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Question

What is the most important advantage of general
partnerships?
O a. the ease of implementing an effective
control system
O b. the ability to grow with the addition of new
talent and money
O c. the increased role of luck
O d. the unlimited liability of the partnership

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