Interactive workbook: Go back over this again - Exercise 1.2 – Partnerships

Introduction

Use these true or false questions to reinforce your understanding of partnerships and how they operate. This exercise should be completed after reading about partnerships on page 4 of chapter 1.

. Different partners each bring exactly the same skills and expertise to a partnership.

. All partners in a partnership take part in running the business and enjoy a share of the partnership profits.

. All partnerships enjoy limited liability for the debts of their businesses.