Author Question: Which of the following is an advantage of sole proprietorship? A) Unlimited financial resources B) ... (Read 70 times)

renzo156 · **on:** Jul 14, 2018

Which of the following is an advantage of sole proprietorship?
A) Unlimited financial resources
B) Attraction of talented employees
C) Ease of formation
D) Shared workload and responsibilities

Question 2

What is the difference between a joint venture and a syndicate?

juicepod · **Reply #1 on:** Jul 14, 2018

Answer to Question 1

C

Answer to Question 2

A joint venture is an agreement between two or more groups to form a business entity in order to achieve a specific goal or to operate for a specific period of time. A syndicate is a temporary association of individuals or firms organized to perform a specific task that requires a large amount of capital. Corporations and individuals may enter into a joint venture. Syndicates are primarily made up of corporations, none of which are willing to put up an entire amount required for an undertaking nor that are willing to share the risk of a venture individually.