Alerts
Wishlist
Cart
Sign In
Categories
Current Affairs & GK
Current Affairs
Show All Current Affairs & GK
eBooks
General Aptitude
Arithmetic Aptitude
Data Interpretation
Show All General Aptitude
General Knowledge
Basic General Knowledge
General Science
Show All General Knowledge
Medical Science
Anatomy
Biochemical Engineering
Biochemistry
Biotechnology
Microbiology
Show All Medical Science
Technical
Database
Digital Electronics
Electronics
Networking
Show All Technical
Verbal and Reasoning
Logical Reasoning
Verbal Ability
Verbal Reasoning
Show All Verbal and Reasoning
›
What is the primary advantage of a partnership over a sole proprietorship?
What is the primary advantage of a partnership over a sole proprietorship?
Expand All
Collapse All
Practice Questions
1 question
Q1
What is the primary advantage of a partnership over a sole proprietorship?
Limited liability for all partners
Greater access to capital and resources
Simplicity in decision-making
Less regulatory scrutiny
Show Solution
Copy
Partnerships generally have greater access to capital and resources due to the combined contributions of multiple partners.
Questions & Step-by-step Solutions
1 item
Q
Q: What is the primary advantage of a partnership over a sole proprietorship?
Solution:
Partnerships generally have greater access to capital and resources due to the combined contributions of multiple partners.
Steps: 6
Show Steps
Step 1: Understand what a sole proprietorship is. It is a business owned by one person.
Step 2: Understand what a partnership is. It is a business owned by two or more people.
Step 3: Recognize that in a sole proprietorship, only one person provides money and resources.
Step 4: In a partnership, multiple people can contribute money, skills, and resources.
Step 5: Realize that having more people involved means more financial support and ideas.
Step 6: Conclude that the primary advantage of a partnership is better access to capital and resources.
Related Questions
W
Which sentence would best fit in the blank space in the following paragraph? 'Wh
Question: Which sentence would best fit in the blank space in the following paragraph? \'While socia..
W
What can be inferred about the author's attitude towards social media?
Question: What can be inferred about the author\'s attitude towards social media?Options: The author..
W
What is the author's main argument regarding the future of social media?
Question: What is the author\'s main argument regarding the future of social media?Options: It will ..
W
Which of the following words best captures the essence of the author's perspecti
Question: Which of the following words best captures the essence of the author\'s perspective on soc..
A
A fruit seller has apples and oranges in the ratio of 5:3. If he has 40 apples,
Question: A fruit seller has apples and oranges in the ratio of 5:3. If he has 40 apples, how many o..
‹
Biology (School & UG)
Chemistry (School & UG)
Civil Engineering
Commerce & Accountancy
Computer Science & IT
Current Affairs & GK
Data Structures & Algorithms
eBooks
Electrical & Electronics Engineering
English (School)
General Aptitude
General Knowledge
General Knowledge & Current Affairs
Languages & Literature
Law & Legal Studies
Major Competitive Exams
Mathematics (School)
Mechanical Engineering
Medical Science
Physics (School & Undergraduate)
Quantitative Aptitude & Reasoning
Social Science (School)
Technical
Verbal and Reasoning
Vocational & Skill Development
›
Soulshift Feedback
×
On a scale of 0–10, how likely are you to recommend
The Soulshift Academy
?
0
1
2
3
4
5
6
7
8
9
10
Not likely
Very likely
✕
↑
