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11 May, 05:56

Amy, Jan, and Beth have decided to combine

their talents in a business partnership. One of the benefits they'll have over a sole ownership is

A. less paperwork.

B. less personal financial liability.

C. shared resources.

D. greater individual authority,

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Answers (1)
  1. 11 May, 07:35
    0
    C. shared resources.

    Explanation:

    A partnership is a form of business ownership. Partners contribute funds and their expertise towards the success of their business. They are able to put together a large sum of capital than they would raise as individuals. A partnership is formed and managed through the combined efforts of the partners.

    A sole proprietor is a one-person venture. The owner sources for the capital and makes all business decisions by themselves. Unlike in sole proprietorship, a partnership has the advantage of shared resources and responsibilities. Partners can brainstorm and share ideas on how to improve the performance of their business.
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Home » Business » Amy, Jan, and Beth have decided to combine their talents in a business partnership. One of the benefits they'll have over a sole ownership is A. less paperwork. B. less personal financial liability. C. shared resources. D.
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