Which of the Following Is an Advantage of a Partnership

question 6

Multiple Choice

Which of the following is an advantage of a partnership over a sole proprietorship?

• A) Transfer of ownership is easier.
• B) Liability is unlimited.
• C) Pooling of resources and skills
• D) Mutual agency.

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Definitions:

Emotional Intelligence

The ability to understand, use, and manage one's own emotions in positive ways to relieve stress, communicate effectively, emphathize with others, overcome challenges, and defuse conflict.

Goal Congruence

The alignment of objectives between individuals, teams, or departments, and the overall goals of an organization.

Special Endorsement

A form of endorsement on a negotiable instrument, such as a check, whereby the endorser specifies the party to whom the instrument is to be payable.

Named Endorsee

An individual or entity specifically named in a negotiable instrument, such as a check, as the party to whom the instrument is endorsed or assigned.