Which of the following is NOT an ADVANTAGE of a partnership?
A) A potential increase in available capital over a sole proprietorship
B) The commingling with the general partner's personal assets
C) The potential for more talent and skills in the business
D) All are advantages of a partnership.
Answer: B
Explanation: B) This is considered a disadvantage of a partnership.
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The gross rent multiplier (GRM) is calculated by dividing the:
a. asking price of a residence by the adjusted gross rent. b. listing price of a neighboring property by its operating expenses. c. cost of the property amenities by the value of the raw land. d. sales price by the gross monthly income.
The chief officer of the Department of Real Estate (DRE) is the:
a. Real Estate Commissioner. b. President of the United States. c. Governor of California. d. Real Estate Solicitor.