0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What are the advantages of the partnership form of business?
With a partnership you don't have to stress over every decision. You and your partner can share the decision making process.
Strength and weaknesses of group Decision making?
discuss some strengths and weaknesses of group decision-making
What is multifactor Decision making?
A decision- making technique in which individuals subjectively and intuitively consider the various factors in making their selection is known as multifactor decision making.
What does consensual decision-making mean?
what does consensual decision making mean
Why a sole trader might not want to convert the business into a partnership?
because some owners like full controlcof the company, and dont want to share the profits made
Is a disadvantage of partnership compared to sole proprietorship?
You share decision making and profits in a partnership.
What are the advantages of the partnership form of business?
With a partnership you don't have to stress over every decision. You and your partner can share the decision making process.
A general partnership is characterized by which of the following?
Requires collective decision-making.
A general partnership differs from a sole proprietorship because a general partnership is a characteristic by which of the following?
Requires collective decision-making
Strength and weaknesses of group Decision making?
discuss some strengths and weaknesses of group decision-making
Why is it necessary to have a partnership agreement?
Partnership Agreement is considered better as decision making process can be done easily. Business responsibilities and liabilities can easily be shared in a partnership agreement.
In general partnerships differ from a sole proprietorship because a general partnership is characterized by which of the following?
Requires collective decision-making.
What is the weaknesses of partnership?
Some weaknesses of a partnership include unlimited personal liability for the partners, potential conflicts and disagreements between partners, difficulty in transferring ownership or bringing in new partners, and shared decision-making which can lead to disagreements and inefficiencies.
With their flooring business now eight months old Jesse and ed readily admit that has been both a pro and a con in their partnership?
shared decision making correct answer :)
What is the difference between liquidation and dissolution in the context of partnership?
liquidation of partnership is when partnership is broken due to the insuficient fund problem a partnership may encounter, while dissolution of partnership is when partnership is resolved according to the decision taken by the partners
Who is the decision maker for a family limited partnership?
General Partner
What are disadvantages of partnership?
The disadvantages of a partnership is that you have to run every decision by the other person. You also have to split any profit 50/50.
