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One advantage of a partnership is the pooling of resources and skills, which can lead to increased capital and diverse expertise. This collaborative approach often enhances decision-making and innovation, as partners can share their strengths and knowledge. Additionally, partnerships can facilitate risk-sharing, reducing the burden on individual partners. Overall, this collective effort can lead to greater business efficiency and success.
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Which of he following is an advantage of a partnership?
The responsibility for the business is shared
Which of the following is not an advantage of a corporation over a partnership?
Corporations have an easier time raising money to start or expand a business.
Which of the following is an advantage of setting up a business as a partnership?
The risks of owning the business are divided among a group of people Study Island. :)
Which of the following is an advantage of a partnership over a sole proprietorship?
The question is incomplete. There are no options given (for "which of the following") to answer this question.
Advantage and disadvantage of partnership?
One advantage of a partnership is being able to share the cost. One disadvantage is having to make sure the other person is okay with your ideas.
The advantages and disadvantages of a partnership?
One disadvantage to having a partnership is the fact that you have to share your profits. An advantage to having a partnership is the fact that if the business fails you can share the losses.
What is the advantage of a partnership over a corporation?
One advantage of a partnership over a corporation is that partnerships have simpler and more flexible management structures, allowing partners to make decisions more quickly and easily.
Of the following, which is not typically a general partnership?
manicurist in a salon
What has been an advantage of partnership over the sole proprietorships?
No options are given to answer this question.
What advantage does a partnership have over a sole proprietorship?
The responsibility is shared.Burden of dept can be shared.
Which of the following terms represents a business that is similar to a general partnership, except that in addition to general partners there are one or more limited partners?
limited partnership a+
A general partnership differs from a sole proprietorship because a general partnership is a characteristic by which of the following?
Requires collective decision-making
