Which of the following is a potential disadvantage of teaming up with a business partner?
A) A partner is able to offer only financial help, not practical advice.
B) A partner gains full control of the business's decision-making process.
C) A partner expects a share of the business profits.
D) A partner is not responsible for any of a business's liabilities.
E) A partner must take over the role of CEO.
C
Explanation: C) Having a partner is a good idea if the business owner does not possess all the necessary strengths required to run the business. A partner is able to offer financial help and practical advice. In return, a partner shares both profits and liabilities of the business.
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