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A general partnership differs from a sole proprietorship becaus…

  • Question 20c of 25 - Businesses and partnerships

  • Maximum Attempts: 1
  • Question Type: Multiple Choice
  • Maximum Score: 2
  • Question: A general partnership differs from a sole proprietorship because a general partnership is characterized by which of the following?
  • Answers:
  1. Serves its members rather than making a profit.
  2. Is run by a board of directors.
  3. Has unlimited liability for the owners.
  4. Requires collective decision-making.

The correct answer is: Requires collective decision-making.

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