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Q 1/8
Score 0
Which is an advantage of a partnership?
30
More finance can be raised
May disagree and fall out
ny partner’s actions are legally binding on the entire partnership
Have to share profits
Q 2/8
Score 0
Which is a disadvantage of a partnership?
30
Debts are spread among partners
Can specialise according to their expertise
Subject to unlimited liability
More finance can be raised
8 questions
Q.
Which is an advantage of a partnership?
1
30 sec
Q.
Which is a disadvantage of a partnership?
2
30 sec
Q.
What is a binding legal document which states the formal rights of partners called?
3
30 sec
Q.
where a business owner is only liable for the original amount of money invested in the business
4
30 sec
Q.
What is a partnership where some partners contribute capital and enjoy a share of the profit but do not take part in the running of the business called?
5
30 sec
Q.
Which one of the following is always true regarding the differences between sole trader and partnership?
6
60 sec
Q.
Which one of the following may not be included in a partnership agreement (Deed of Partnership)?
