Engineering Economics
Which is true about partnership?

It can be handed down from one generation of partners to another.
It will be dissolved if one of the partners ceases to be connected with the partnership.
It has a perpetual life.
Its capitalization must be equal for each partner.

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Engineering Economics
Which is true about corporation?

It is worse type of business organization.
The stock holders of the corporation are only liable to the extent of their investments.
The minimum number of incorporators to start a corporation is three.
Its life is dependent on the lives of the incorporators.

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