1.Which of the following statements about the partnership as a form of business ownership is true?

a. Termination of the partnership is simple.

b. Liability for the partners is limited.

c. Disagreements between partners are rare.

d. Formation of the partnership is simple.

2. Fairmount Food Group purchased Swissrose International Inc., market of several brands of specialty and food service cheese from ConAgra. The _____ will make Fairmount the largest U.S. importer and marketer of specialty and deli-style cheese.

a. joint venture

b. merger

c. voluntary union

d. acquisition