What Is the Primary Difference Between a Sole Proprietorship and a Partnership

question 12

Multiple Choice

What is the primary difference between a sole proprietorship and a partnership?

• A)Proprietorships have unlimited liability while partnerships have limited liability.
• B)Partnerships can issue stocks and bonds while proprietorships cannot.
• C)Partnerships have more owners than do proprietorships.
• D)There is no real difference between the two types of firms.

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Definitions:

Supportive

Providing encouragement, assistance, or comfort to others.

Charismatic

Refers to a personal attribute or quality that enables individuals to influence, inspire, and captivate others through their presence, speech, or actions.

Servant Leadership

A leadership philosophy that emphasizes the role of the leader as serving the needs of others first, promoting the growth, well-being, and performance of followers.

Empowering Leadership

Leadership that focuses on giving team members autonomy, resources, and the confidence to make decisions and take initiatives.