I Its unlimited natureII The number of partners... - JAMB Commerce 2023 Question
I. Its unlimited nature
II. The number of partners
III. The withdrawal of a major of partner
IV. The bearing of risk
Which of these is both merit and demerit in partnership?
A
III and IV
B
I only
C
II only
D
I and II
correct option: c
The characteristic that can be both a merit and demerit in a partnership is II only, which refers to "The number of partners."
- Merit: Having multiple partners allows for a pooling of resources, diverse skills, and shared responsibilities, which can enhance decision-making and business operations.
- Demerit: However, a higher number of partners can also lead to conflicts, slower decision-making processes, and complexities in profit sharing and management, especially when partners have differing visions or levels of commitment.
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