All of the Following Are Advantages of the Partnership Form

question 151

Multiple Choice

All of the following are advantages of the partnership form of organisation except

• A) unlimited liability.
• B) retention of profits.
• C) combined skills and knowledge.
• D) better access to capital and credit.
• E) ease of start-up.

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Definitions:

Budget Constraint

The limit on the consumption bundles that a consumer can afford based on their income and the prices of goods and services.

Budget Constraint

A representation of all the combinations of goods and services a consumer can afford, given their income and the prices of goods.

Bell Pepper

A type of sweet pepper that comes in various colors including red, green, and yellow, often used in cooking for its mild flavor.

Black Beans

A type of legume that is dark in color and rich in protein, often used in various cuisines around the world for their nutritional benefits and versatile uses in cooking.