Which Among the Following Is a Disadvantage of Partnerships

question 74

Multiple Choice

Which among the following is a disadvantage of partnerships?

• A)Lack of division of labor
• B)Difficulty in raising capital
• C)Complex procedures involved in set up
• D)Death of any one of the partners terminates the partnership

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Definitions:

Producer Surplus

The difference between what producers are willing to accept for a good or service and what they actually receive, measured by the area above the supply curve and below the market price.

Whitewater Rafting

A recreational outdoor activity which uses an inflatable raft to navigate through rough or whitewater rivers.

Producer Surplus

The difference between the amount a producer is willing to accept for a good or service and the actual amount received from selling it at the market price.

Cupcakes

Small, individually-sized cakes that are typically frosted and decorated, often used to celebrate events or milestones.