Question

3
select all the correct answers.
which two sentences describe characteristics of a partnership?
the owners are free from personal liability.
the owners pool their resources to raise capital.
the owners in a partnership are called members.
the business benefits because owners can share responsibilities.

Explanation:

1. Partnership owners (general partners) have personal liability for business debts, so the first option is incorrect.
2. A key feature of partnerships is that owners combine their money, assets, etc., to fund the business, making the second option correct.
3. Partnership owners are called partners; "members" refers to LLC owners, so the third option is incorrect.
4. A major advantage of partnerships is that work, decisions, and responsibilities are divided among the owners, making the fourth option correct.

Answer:

• The owners pool their resources to raise capital.
• The business benefits because owners can share responsibilities.