Question

All are advantages of partnership except

a) loan facilities
b) there is privacy
c) sharing of risk and liabilities
d) specialisation in management
e) talking of quick decision

Answer 1

b) there is privacy

Step-by-step explanation:

A partnership is a form of running the business under the hands of two or more than two people. The people involved in the business are called as the partners. They share the profits and liabilities and enjoy the benefits together. The decisions are made by discussing the terms among the partners. One of the disadvantages of partnership is the lack of privacy. The partners maintain the secrecy of the terms of their business but there is a lack of privacy among them.