Xavier wants to ensure his business structure will allow him to include his twin sister Ramona as a business partner. Well, he has the creative skills she has the financial background the business needs what is an advantage of a partnership.
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Shares and Company stock
Wider mix of talents
Lowered risk of liability
One soul, decision maker
ABC or D
The correct answer would be B) Wider mix of talents. A partnership allows for multiple partners with different skill sets and expertise to contribute to the business, ultimately increasing its chances of success. In this case, Xavier's creative skills and Ramona's financial background complement each other, leading to a stronger and more well-rounded business.
The advantage of a partnership in this scenario would be B) Wider mix of talents.
A partnership allows Xavier to include his twin sister Ramona as a business partner, leveraging her financial background that the business needs. With a wider mix of talents, Xavier and Ramona can combine their creative skills and financial knowledge to better manage and grow their business. This collaborative approach can lead to a more well-rounded and successful operation.
The advantage of a partnership in this scenario between Xavier and Ramona is a wider mix of talents.
Partnerships are business structures that involve two or more individuals coming together to jointly own and run a business. One of the advantages of a partnership is that it allows individuals with different skills and expertise to collaborate. In this case, Xavier has creative skills while Ramona has a financial background, which means they can bring complementary talents to the business. This wider mix of talents can lead to more efficient operations, better decision-making, and a greater ability to meet the needs of customers or clients.
To ensure that Xavier and Ramona can be business partners, they will need to legally establish a partnership. In most jurisdictions, this involves drafting a partnership agreement that outlines each partner's roles, responsibilities, and ownership share in the business.