Which of the Following Is a Potential Disadvantage of Teaming

question 25

Multiple Choice

Which of the following is a potential disadvantage of teaming up with a business partner?

• A)A partner is able to offer only financial help, not practical advice.
• B)A partner gains full control of the business's decision-making process.
• C)A partner expects a share of the business profits.
• D)A partner is not responsible for any of a business's liabilities.

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Definitions:

Normative Economics

A branch of economics that expresses value judgments about economic fairness or what the economy ought to be like.

Positive Economics

An approach to economics that seeks to understand and explain the economy as it is, based on factual observations without making normative judgments.

Normative Statements

Opinions or judgments that reflect beliefs about what ought to be rather than statements that can be tested or verified.

Value Judgments

Assessments based on personal views, ethics, or standards rather than objective measures, often influencing decision-making processes.