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Next to the following list of eight characteristics of business organizations, enter a brief description of how each characteristic applies to general partnerships. Characteristic Application

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

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