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8 August, 02:29

Which is a characteristic of general partnerships but not sole proprietorships?

options:

serves its members rather than making a profit

is run by a board of directors

has unlimited liability for the owners

requires collective decision-making

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  1. 8 August, 02:32
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    It would be requires collective decision-making because both owners has the same and equal right and it must be both of them not only one of them decide especially to the major issues. The first choice is a cooperative type of business. The second one is a corporate type of business and the third one can be a characteristics of both general partnership and sole proprietorship.
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