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What is a possible benefit of partnership in business?

Answer and explanation

Correct answer: Resources, skills, and responsibilities can be shared

In a partnership, two or more persons agree to carry on a business and can contribute different funds, skills, contacts, and efforts. Sharing responsibilities may improve decision-making and operating capacity, although partnership also involves obligations and possible disagreements. Option A states a possible benefit; the other options are not inherent benefits and legal rules do not disappear.

Related tags

PartnershipShared-ResourcesForms Of Business OrganisationBusiness StudiesClass 11 Mcq

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