One way a partnership differs from a sole proprietorship is that it:A.places all risk and liability on one person.B.protects all owners from bankruptcy.C.has less potential for conflict.D.has owners with many different skill sets.
Question
One way a partnership differs from a sole proprietorship is that it:A.places all risk and liability on one person.B.protects all owners from bankruptcy.C.has less potential for conflict.D.has owners with many different skill sets.
Solution
One way a partnership differs from a sole proprietorship is that it:
D. has owners with many different skill sets.
Explanation: In a sole proprietorship, there is only one owner who is responsible for all aspects of the business. This means that the owner must possess or acquire a wide range of skills to manage the business effectively. On the other hand, a partnership involves two or more people who own the business together. This allows for a broader range of skills and expertise because each partner can bring their unique skills and knowledge to the business. This can lead to a more effective and successful business operation.
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