Author Question: A limited partnership is an agreement between two or more individuals to operate a business as ... (Read 164 times)

nmorano1 · **on:** Jul 14, 2018

A limited partnership is an agreement between two or more individuals to operate a business as co-owners for a limited period of time.

Indicate whether the statement is true or false

Question 2

Why is a sole proprietorship the most flexible type of business?

234sdffa · **Reply #1 on:** Jul 14, 2018

Answer to Question 1

False

Answer to Question 2

The sole proprietorship form of business ownership is the simplest type of ownership as well as the easiest to start. It is flexible because an owner can make decisions without having to consult anyone else. By comparison, a manager in a store in a large corporate chain may have to seek the approval of numerous managers and company officials before making a decision.