Ask Question
BusinessBusiness
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,

+2
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.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “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 ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Which storage method may cause tcs food to become unsafe?
Answers (1)
Mike and Sue McCloskey wanted to change the dairy farming industry itself. They did this by opening up their farms to the public to educate people on the farming industry. To which managerial challenge is this most closely related?
Answers (1)
Which school of jurisprudential thought believes that promoting market efficiency should be the central goal of legal decision-making?
Answers (1)
Paper Moon, a manufacturer of outdoor lighting fixtures is operating at less than full capacity. The plant manager is considering making the mounting brackets now being purchased from a supplier at $8 each.
Answers (1)
Campbell, a single taxpayer, has $95,000 of profits from her general store that she operates as a sole proprietorship.
Answers (1)
New Questions in Business
When using the indirect method to calculate and report net cash provided or used by operating activities, which of the following is subtracted from net income?1) Bad debts expense. 2) Decrease in income taxes payable. 3) Depreciation expense.
Answers (1)
On January 2, 2018, the Matthews Band acquires sound equipment for concert performances at a cost of $66,400. The band estimates it will use this equipment for four years, during which time it anticipates performing about 200 concerts.
Answers (1)
Which of the following statements accurately describes the efficient market hypothesis? A. Stock prices must go up upon good news, even if the news was expected. B.
Answers (1)
Kramer Enterprises reports year-end information from 2015 as follows: Sales (160,000 units) $960,000 Cost of goods sold 640,000 Gross margin 320,000 Operating expenses 260,000 Operating income $60,000 Kramer is developing the 2016 budget.
Answers (1)
What is purchasing process?
Answers (1)
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.
Sign Up Forgot Password?