An Advantage of a Partnership Compared with a Sole Trader

question 27

Multiple Choice

An advantage of a partnership compared with a sole trader is:

• A) sharing of profits.
• B) greater access to funds.
• C) mutual agency.
• D) B and C

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Definitions:

Cohesiveness

The degree to which members are attracted to and motivated to remain part of a team.

Norms

Shared expectations or rules that guide behavior in a group, organization, or society.

Storming Stage

A phase in team development characterized by conflict and competition as group members establish their roles.

Identify

The act of recognizing or establishing the identity of a person, place, or thing.