Question 1 (1 point) In a partnership, profit or loss of the business can be allocated to the owners under different methods. True False Question 2 (1 point) A partnership is taxed like a person, meaning it owes taxes on its net income. True False Question 3 (1 point) Shareholders typically have many votes per share of stock owned. True False Question 4 (1 point) A partnership can be created even there is no express agreement. True False Question 5 (1 point) Preferred stock has special priority over common stock in one or more areas, such as dividends. True False Question 6 (1 point) Unlike a partnership, a corporation is a separate legal entity. True False