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answer each question with an explanation of each answer please
1. Multiple Choice Question 43 The partnership form of business organization a. b. has limited liability. is a separate legal

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Answer #1

Solution:

1) b. is a seperate legal entity

Explanation

Partnership is a form of business in which two or more persons agrees to carry out a common business idea with a view to maximise profit.

Partneship form of business comes into existence through a legal agreement as a result it has seperate legal entity from owners. The terms and conditions of partnership like Profit sharing ratio,interest on capital,capital contribution is being defined in partnership agreement.

2)d. its ownership is easily transferable via the sale of shares of stock

It is one of the advantage of corporate form of business for investors. They can easily sell share in a financial market and can even convert it into cash.limitation of blockage of invested amount eliminates for investor as a result of this advantage.


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