Asked by Lilian Cohaus on Apr 27, 2024
Verified
The following are advantages of which form of business ownership: pooled talent, pooled resources, easy to form, and tax advantages?
A) sole proprietorships
B) partnerships
C) corporations
D) acquisitions
Pooled Talent
The strategy of combining skills, knowledge, and competencies of individuals from various backgrounds to achieve common goals or tackle complex problems.
Pooled Resources
The amalgamation of assets or capital from multiple sources or individuals for a common purpose, often to achieve a goal that would be difficult to achieve individually.
Tax Advantages
Financial benefits that apply to certain investments or accounts, which can reduce the amount of tax owed to the government.
- Identify the attributes and benefits of various business ownership types.
Verified Answer
Learning Objectives
- Identify the attributes and benefits of various business ownership types.
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