I. Its unlimited nature<br/>II. The number of partners<br/>III. The withdrawal of a major of partner<br/>IV. The bearing of risk<br/>Which of these is both merit and demerit in partnership?
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Correct Answer: Option C
Explanation:
The number of partners can be both an advantage and a disadvantage of partnership. Having more partners can provide additional capital, skills and ideas, but disagreements and difficulties in decision-making may also increase. Therefore, II is the best answer among the options provided.
The number of partners can be both an advantage and a disadvantage of partnership. Having more partners can provide additional capital, skills and ideas, but disagreements and difficulties in decision-making may also increase. Therefore, II is the best answer among the options provided.