首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
• Read the following article about partnership and the questions below the passage. • For each question (13—18), mark one letter
• Read the following article about partnership and the questions below the passage. • For each question (13—18), mark one letter
admin
2014-03-03
31
问题
• Read the following article about partnership and the questions below the passage.
• For each question (13—18), mark one letter (A, B, C or D) mi your Answer Sheet for the answer you choose.
Understanding Partnership
The Uniform Partnership Act defines a partnership as "an association of two or more persons to carry on as co-owners of a business for a profit." The partnership came into being us an evolutionary outgrowth of the proprietorship by correcting stone of tile disadvantages of that ownership form. The formation of a partnership is relatively simple, but because it involves two or more people, it must be based upon an understanding between the partners. In other words, a contract is required. Although the contract can be oral. it is wiser to have so important a document drawn up by an attorney. A contract of this sort is called the Articles of Co-partnership.
Partnership has ninny advantages. Firstly, it is relatively simple to organize and dissolve. Although not as simple to organize as a sole proprietorship because Articles of Co-partnership are required, partnerships are simpler and less expensive to form than corporations. Second[y, it is subject to less government control. As is the case with sole proprietorships, partnerships are not controlled by the same federal and state laws as are corporations. Thirdly, it can keep larger tax savings. Unlike corporations, partnerships are not legal entities. Partnerships, therefore, do not have special taxes levied on them. Finally, it may provide a high personal incentive. Because the partnership business is carried on by working owners, this form of business ownership retains the high incentive of the sole proprietorship. The partners are working for themselves, and consequently are rewarded for extra effort.
Although many of the advantages of a sole proprietorship are carried over into partnership, many of its disadvantages are as well. Like the sole proprietorship, partnerships have the disadvantages of unlimited liability. This means that in the case of bankruptcy of the business, both partners’ personal assets must be used to settle partnership debts. When one partner’s investment plus his personal assets are insufficient to meet his share of the creditor’s claims, these debts must be settled by the remaining partner or partners. Furthermore, it is difficult to raise money for partnership and the disagreements among partners may easily result in the failure of the partnership.
The form of partnership previously discussed is that of a general partnership. There are other forms of partnership available to businessmen which have specific advantages or overcome specific disadvantages of the general partnership.
A limited partnership is one in which the liability of one or more of the partners is limited to the amount invested by him. A limited partnership must have at least one general partner whose liabilities are unlimited. Limited partnerships take advantage of the tax savings available to partnerships while maintaining some of the capital-raising resources available to corporations. However. they are legally complicated and expensive to set up; further, any activity by a limited partner may result in the loss of his limited status (and his limited liability); and they are not permitted to do business in all states.
A joint venture is a partnership that has been set up for one specific undertaking. Upon completion of the undertaking, the joint venture is dissolved. Unlike a general partnership, the joint venture is not a continuing business. However, this need not be the case. The prime characteristic is its limitation to one specific venture.
The main feature of joint ventures is
选项
A、they are not continuing business.
B、riley are of short duration.
C、they are usually limited to one specific venture.
D、they are dissolved upon the implementation of the undertaking.
答案
C
解析
转载请注明原文地址:https://kaotiyun.com/show/1coO777K
本试题收录于:
BEC中级阅读题库BEC商务英语分类
0
BEC中级阅读
BEC商务英语
相关试题推荐
Forquestions13-17,choosethepersonwhoisspeaking.Writeoneletter(A-H)nexttothenumberoftherecording.Donot
Youwillhearanotherfivequestions.Foreachquestiondecidehowmuchistheamountthespeakeristalkingabout.Writeonele
AccordingtoMsMurphy,theaccountingmethodologyhadnothingtodowithMsMurphyhadtoaskacolleaguetoleavebecause
•Therearethirtyquestionsonthisquestionpaper.•Instructionsaregivenonthetape.•YoucanwriteonthisQuestionPape
•Therearethirtyquestionsonthisquestionpaper.•Instructionsaregivenonthetape.•YoucanwriteonthisQuestionPape
•Lookattheformbelow.•YouwillhearamancallinghiscolleagueintheNewYorkoffice.FormFrom:NickHarding
•Lookatthenotesbelow.•Youwillhearamantelephoningacolleagueabouthistimesheet.
ThecrisismetbyJapanesechemicalgroupsiscausedby,oneofthereasons______.OnOct.1st,MitsubishiPetrochemicalisgo
随机试题
驾驶员长期处于紧张状态,会造成神经功能紊乱,最易患()。
上级行政主管部门的工作人员在施工现场检查工作时,应由( )对他们的工作安全负责。
架空导线连接正确的是()。
在国际上,业主方项目管理的方式有多种可能,在以下描述中,正确的是()。
公司股票首次公开发行前,证监会审核员应督促()提供会后重大事项说明。
Hamletisjustan______characterinthenovel.
“近朱者赤,近墨者黑”体现了影响儿童身心发展因素的遗传决定论观点。()
在研究“高校青年教师职业发展状况”时,研究者将受访教师请在咖啡馆中,边喝咖啡边聊天。且告诉青年教师“不要受拘束,没有特定的限制,所有资料都是做研究之用,并为老师保密”。这一访谈是
A、WatchingtheadvertisementofthecompanyonTV.B、Consultingpeoplewhoworkinthecompany.C、Askingtheirfriendstofindo
Veryoldpeopledoraisemoralproblemsforalmosteveryonewhocomesintocontactwiththem.Theirvalues,thiscan’tbe【B1】___
最新回复
(
0
)