Asked by Lilian Cohaus on Apr 27, 2024

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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.
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Verified Answer

LS
Laurencia StorrMay 02, 2024
Final Answer :
B
Explanation :
Partnerships offer the advantages of pooled talent and resources, are relatively easy to form compared to corporations, and can offer tax advantages through pass-through taxation, where profits are taxed only once as personal income of the partners, avoiding the double taxation common in corporations.