Difference between partnerships and sole proprietorships is that partnerships?

Question

1.are easier to form.

2.are managed by an elected board of directors.

3.have the advantage of limited liability.

4.have a greater chance of long term survival.

Answer 1

4.have a greater chance of long term survival

I don't agree with it, but it is the only possible answer by process of elimination.

Answer 2

None of the above.  In fact, since there are multiple partners involved, there is a greater threat of dispute and therefore failure.

Real life doesn't always accord with a multiple guess test.

Answer 3

3. have the advantage of limited liability. (if the partner is a limited one)

in sole proprietorship, the owner is liable up to his personal properties.

through the process of elimination:

1. proprietorship is easier to form since there's only one owner

2. a corporation is managed by a board of directors not partnership

4. both have the same chances