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Next to the following list of eight characteristics of business organizations, select a brief description of how each characteristic applies to general partnerships. Application to
Next to the following list of eight characteristics of business organizations, select a brief description of how each characteristic applies to general partnerships. Application to General Partnerships Characteristic 1. Duration of life 2. Owners' liability 3. Legal status 4. Tax status of income 5. Owners' authority 6. Ease of formation 7. Transferability of ownership 8. Ability to raise large capital amounts
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