Compared to a Sole Proprietorship, What Would Be a Major

question 145

Multiple Choice

Compared to a sole proprietorship, what would be a major advantage of a general partnership?

• A) It is considered to be a permanent business organization.
• B) It would be able to completely avoid the problem associated with unlimited liability.
• C) It would be able to take advantage of complementary skills and shared workload.
• D) It is easier and less expensive to form.

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Definitions:

Workplace Trends

Emerging patterns or shifts in the work environment and employment practices, reflecting changes in technology, demographics, economic conditions, and societal values.

Human Relations

The study and management of how people interact within groups, often used to improve employee relationships and morale.

New Dimension

An aspect, feature, or factor that is distinctly different from those previously known or explored.

Team Organization

A structured grouping of individuals working together towards a common goal, facilitating collaboration and efficiency.