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BUS 139 > Lecture 1 - Introduction to Financial Accounting > Flashcards

Lecture 1 - Introduction to Financial Accounting Flashcards

1
Q

Advantages of a partnership vs sole proprietorship

A
  • sharing burden and risk
  • opportunity to specialise
  • ability to raise capital
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2
Q

Disadvantages of a partnership vs sole proprietorship

A
  • acquiring unsuitable partners
  • limits on individual decision making
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BUS 139 (7 decks)

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