When comparing general partnerships to sole proprietorships,an advantage of partnerships is that they:
A)Are less risky,because each partner is responsible for only a specified fraction of the firm's debts.
B)Are easier to terminate.
C)Cost less to organize.
D)Give the firm a stronger financial foundation.

Question

Quizplus · Accepted Answer

Partnerships can have a stronger financial foundation because they can pool resources and capital from multiple partners, unlike sole proprietorships which rely on a single individual's resources.

When Comparing General Partnerships to Sole Proprietorships,an Advantage of Partnerships