Compared to the Sole Trader,the Advantage of the Partnership Form

question 34

Multiple Choice

Compared to the sole trader,the advantage of the partnership form of business is:

• A)mutual agency
• B)limited life
• C)easy to set up
• D)greater access to skills and resources

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Definitions:

Confidence Interval

A spectrum of numbers obtained from sample observations which is expected to include the value of an unidentified population parameter, given a certain confidence degree.

Confidence Interval

A range of values within which there is a specified probability that the true parameter value lies.

Population Standard Error

A measure that estimates the variability or dispersion of a population parameter based on a sample.

Mean

The average of a set of numbers, calculated by adding all the values together and dividing by the number of values.