Which of the following is NOT an advantage of establishing a long-term partnership? Group of answer choices Improved innovation Reduced administration costs More efficient utilization of resources Risk is eventually transferred to the other party Improved performance

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26-02-2020
Business

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Which of the following is NOT an advantage of establishing a long-term partnership? Group of answer choices Improved innovation Reduced administration costs More efficient utilization of resources Risk is eventually transferred to the other party Improved performance

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TonieCee TonieCee · Answer 1 · 2020-02-27T06:50:46+01:00

Answer: the correct option is D. Risk is eventually transferred to the other party

Explanation: A Partnership is a type of business arrangement in which two or more parties come into an agreement to engage in business together. These parties are known as partners.

Benefits of long-term partnerships include all the options in the question above except transferring risk to the other party, because the risk in partnerships cannot be transferred, risks are shared by all members of the partnership.