Solved

When Comparing General Partnerships to Sole Proprietorships,an Advantage of Partnerships

Question 65

Multiple Choice

When comparing general partnerships to sole proprietorships,an advantage of partnerships is that they:


A) Are less risky,because each partner is responsible for only a specified fraction of the firm's debts.
B) Are easier to terminate.
C) Cost less to organize.
D) Give the firm a stronger financial foundation.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions