6. What are the two types of partnerships? (1 point) O Limited and sole
Genral and private
O Limited and general
O Private and limited
mm 20m COO
7. Which of the following would not be considered an advantage of a partnership? (1 point)
O A partnership usually involves low start-up costs.
Each general partner is deemed the agent of the partnership.
O It's easy to form a partnership.
You can share the responsibilities with your partners.
means any group of persons with a legal entity. (1 point)
8. As a generic legal term,
O Corporation
Business
O Partnership
O Proprietorship