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Which of the following statements accurately describes business organizations?a.In a limited partnership, the limited partners have voting control, while the general partner has operating control over the business, and the limited partners are individually responsible, on a pro rata basis, for the firm's debts in the event of bankruptcy.b.A slow-growth company, with little need for new capital, would be more likely to organize as a corporation than would a faster growing company.c.Partnerships have more difficulty attracting large amounts of capital than corporations because of such factors as unlimited liability, the need to reorganize when a partner dies, and the illiquidity (difficulty buying and selling) of partnership interests.d.A major disadvantage of a partnership relative to a corporation is the fact that partnership earnings are subject to double taxation while corporate earnings are only taxed once.e.In a typical partnership, liability for other partners' misdeeds is limited to the amount of a particular partner's investment in the business.

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