Xavier wants to ensure his business structure will allow him to include his twin sister Ramona as a business partner. While he has the creative skills, she has the financial background the business needs. What is an advantage of a partnership?
1) shares in company stock
2) wider mix of talents
3)lower risk or liability
4) one sole decision maker
Is it 1, 2, 3, or 4?
The advantage of a partnership in this scenario is:
2) wider mix of talents
A partnership allows Xavier to include his twin sister Ramona as a business partner due to her financial background, complementing Xavier's creative skills.
The advantage of a partnership in this scenario would be option 2) wider mix of talents. A partnership allows Xavier to bring in his twin sister Ramona, who has the financial background the business needs, as a business partner. This way, Xavier can contribute his creative skills while Ramona can bring her financial expertise, resulting in a wider mix of talents within the business.
The advantage of a partnership that relates to Xavier's situation would be a wider mix of talents. To get to this answer, let's go through each option:
1) Shares in company stock: This refers to ownership in a corporation, which is not directly related to a partnership structure.
2) Wider mix of talents: In a partnership, multiple individuals come together to form a business. Each partner brings their unique skills and expertise, resulting in a broader range of talents that can benefit the business. This aligns with the scenario where Xavier has creative skills while Ramona has the financial background.
3) Lower risk or liability: This advantage may apply to partnerships, but it is not directly relevant to Xavier's goal of including Ramona as a partner.
4) One sole decision maker: A partnership involves joint decision-making between partners, so this option does not match the description of a partnership.
Therefore, the correct answer is 2) wider mix of talents.