A major disadvantage of partnership business is
...A major disadvantage of partnership business is
Difficulty in the transfer of shares
Distrust among members
Limited liability
Large capital outlay
Correct answer is B
Distrust among partners often stems from poor communication, leading to suspicion when none is warranted. This often lead to serious disagreement that may eventually end the partnership.
Which of the following is a disadvantage of regional concentration of industries? ...
What is the marginal productivity when the number of workers is increased from 2 to 3? ...
A major characteristic of a mixed economy is that ...
Balance of payments problem can be corrected through ...
The function that distinguishes commercial banks from the central bank is that the former ...
Which of the following business establishment are not motivated mainly by profit? ...