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Question Practice

What is a key characteristic of a general partnership?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Business Studies
Business Studies
Forms of Business Organisation
Question Bank

What is a key characteristic o...

Single Answer MCQ
Q-00064458

What is a key characteristic of a general partnership?

1

Limited involvement in management

2

Equal management responsibilities

3

Restrictions on profit-sharing

4

No legal formalities required

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