Ask Question
BusinessBusiness
16 December, 11:02

Amy, Jan, and Beth have decided to combine

their talents in a business partnership. One of the benefits they'll have over a sole ownership is

A. less paperwork.

B. less personal financial liability.

C. shared resources.

D. greater individual authority,

+5
Answers (1)
  1. 16 December, 11:25
    0
    C. shared resources.

    Explanation:

    A partnership is a form of business ownership. Partners contribute funds and their expertise towards the success of their business. They are able to put together a large sum of capital than they would raise as individuals. A partnership is formed and managed through the combined efforts of the partners.

    A sole proprietor is a one-person venture. The owner sources for the capital and makes all business decisions by themselves. Unlike in sole proprietorship, a partnership has the advantage of shared resources and responsibilities. Partners can brainstorm and share ideas on how to improve the performance of their business.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Amy, Jan, and Beth have decided to combine their talents in a business partnership. One of the benefits they'll have over a sole ownership ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
When purchases of tennis socks decline following an increase in the price of tennis sneakers (other things remaining equal), the relationship between these two items can be described as A) substitutable. B) complementary. C) unique. D) ordinary.
Answers (1)
J Crane, Ltd. is a local coat retailer. The store's accountant prepared the following income statement for the month ended January 31: Sales revenue $ 750,000 Cost of goods sold 300,000 Gross margin 450,000 Operating expenses Selling expense $
Answers (1)
Why would a business care if its workers went on strike?
Answers (1)
Why is silk smooth? A long thin fibers B genetic engineering C being harvested in the wild D being made by worms
Answers (2)
Interview Example: • Client is a leading food company that wants to develop a fresh prepared meal business • Trend among consumers is toward fresher food with no artificial preservatives or coloring • Consumers are currently purchasing $5 0 billion
Answers (1)
New Questions in Business
Which resumé tends to be used to cover employment gaps? A. chronological B. functional C. hybrid
Answers (1)
Pip owns Great Expectations, a trendy restaurant in Manhattan. He enters into a contract with Estella, who makes and sells pastries. The contract states that Estella will "supply all of Great Expectation's needs" for pastries for the next year.
Answers (1)
What should government do with its spending and taxes during a recession
Answers (1)
The management of Osborn Corporation is investigating an investment in equipment that would have a useful life of 5 years. The company uses a discount rate of 12% in its capital budgeting.
Answers (1)
Are there public functions that might benefit from more competition, including competition from private firms?
Answers (1)
Home » Business » Amy, Jan, and Beth have decided to combine their talents in a business partnership. One of the benefits they'll have over a sole ownership is A. less paperwork. B. less personal financial liability. C. shared resources. D.
Sign Up Forgot Password?