One difference between partnerships and sole proprietorships is that partnerships
A) take less effort to form.
B) are managed by an elected board of directors.
C) have the advantage of limited liability.
D) have a greater chance of long-term survival due to the accountability of each partner to the other.

Question

Quizplus · Accepted Answer

Partners not only give the firm a stronger financial base and a broader range of expertise, they also watch over each other, thus providing a more disciplined environment.

One Difference Between Partnerships and Sole Proprietorships Is That Partnerships