INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
An advantage of a partnership over sole proprietorship is that more than one owner can contribute funds to the firm
|
|
True
|
|
|
False
|
|
|
Either A or B
|
|
|
None of the above
|
Explanation:
Detailed explanation-1: -A sole-proprietorship has one owner who has unlimited liability for the business. A partnership involves two or more people who combine resources for the business and share profits and losses. A corporation is considered to be a separate legal entity from its shareholders. For tax purposes a corporation is a “Person”.
There is 1 question to complete.