Question

Partnership firms of business is suitable for every type of business organisation. Do you agree.​

Answer 1

Answer:

Yes

Explanation:

Sole proprietorship is a popular form of business organisation and is the most suitable form for small businesses, especially in their initial years of operation.

Answer 2

Answer -

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• It does not have a separate legal entity of its own. Partners enter into contracts on behalf of each other. Suitability of Partnership Form of Business: Sole proprietorship is suitable for businesses which are relatively small, require small amounts of capital, risks ate not high and decision making needs to be quick.

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