ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Partners are able to combine their knowledge, skills, and abilities.
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Disagreements on important decisions can occur among partners.
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All partners are responsible for any actions and decisions made by another partner
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Partners share the profits of the business.
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Detailed explanation-1: -Advantages of a partnership include that: two heads (or more) are better than one. your business is easy to establish and start-up costs are low. more capital is available for the business.
Detailed explanation-2: -Answer and Explanation: The correct choice is E. Ease of organization.
Detailed explanation-3: -More Time at Home. Having a partner means that you are not doing all the work alone. New Perspectives and Varied Expertise. Support When You Need It. Varied Cash Flow. Sharing Expenses. Pass-Through Taxation. Increased Availability To Pursue Opportunities. 21-Oct-2022
Detailed explanation-4: -You have an extra set of hands. You benefit from additional knowledge. You have less financial burden. There is less paperwork. There are fewer tax forms. You can’t make decisions on your own. You’ll have disagreements. You have to split profits. More items •26-Oct-2022