Which of the following is not an advantage of partnership?

A.

Diversified managerial talents

B.

Greater financial resources

C.

Freedom to terminate business

D.

Account is not made public

View answer & explanation

Correct answer is C

Advantages of a partnership include that:

  • two heads (or more) are better than one.
  • your business is easy to establish and start-up costs are low.
  • more capital is available for the business.
  • you'll have greater borrowing capacity.
  • high-calibre employees can be made partners.

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