Compared to sole proprietorships, partnerships offer the advantage of shared management and pooled knowledge.

Name: Compared to sole proprietorships, partnerships offer the advantage of shared management and pooled knowledge.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Partnerships involve two or more people sharing management responsibilities and expertise, whereas sole proprietorships are run by a single individual. Therefore, partnerships offer the advantage of shared management and pooled knowledge.

Compared to Sole Proprietorships, Partnerships Offer the Advantage of Shared