Quiz: Partnerships - Key Features, Pros and Cons
iGCSE Business Studies [Edexcel]
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Welcome! You've already learned about sole traders and why business objectives change. Now, let's explore partnerships — their features, benefits, and drawbacks. Ready to dive in?
What is a partnership?
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Which of the following are advantages of partnerships? (Select all that apply)
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In a partnership, the profits are usually {{blank0}} among the partners, and the liability is {{blank1}}.
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Match the items on the left with their correct pairs on the right
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What is a deed of partnership?
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What are the potential disadvantages of partnerships? (Select all that apply)
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In partnerships, if one partner makes a poor decision, the other partners {{blank0}} for the consequences because of their {{blank1}} liability.
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Match the items on the left with their correct pairs on the right
Which feature is unique to partnerships compared to sole traders?
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