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3 (a) Which one of the following is a disadvantage of starting a partnership? Select one answer. A Business owners have different skills B Can be easier to raise finance C Business decisions affect all partners D Financial information is kept private Figure 1 shows the sales revenue of a business from January to April. (b) Using the information in Figure 1, calculate, to 2 decimal places, the percentage decrease in sales revenue from January to March.You are advised to show your workings. (2) __ go

Question

3 (a) Which one of the following is a disadvantage of starting a partnership?
Select one answer.
A Business owners have different skills
B Can be easier to raise finance
C Business decisions affect all partners
D Financial information is kept private
Figure 1 shows the sales revenue of a business from January to April.
(b) Using the information in Figure 1, calculate, to 2 decimal places, the percentage
decrease in sales revenue from January to March.You are advised to show your
workings.
(2)
__ go

3 (a) Which one of the following is a disadvantage of starting a partnership? Select one answer. A Business owners have different skills B Can be easier to raise finance C Business decisions affect all partners D Financial information is kept private Figure 1 shows the sales revenue of a business from January to April. (b) Using the information in Figure 1, calculate, to 2 decimal places, the percentage decrease in sales revenue from January to March.You are advised to show your workings. (2) __ go

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NiallElite · Tutor for 8 years

Answer

(a) C <br /><br />(b) The percentage decrease in sales revenue from January to March is \( \frac{X - Y}{X} \times 100\% \) (The exact numerical answer depends on the values of \( X \) and \( Y \) given in Figure 1, which is not provided in the question).

Explain

## Step1: <br />The first part of the question requires understanding the disadvantages of a partnership. In a partnership, two or more individuals share ownership, as well as profits, losses, and liability. Options A, B, C and D set out potential characteristics of partnerships. <br /><br />## Step2: <br />Option A states that business owners have different skills. This is not a disadvantage but rather an advantage as it allows for a diversity of ideas and skills. Option B suggests that it can be easier to raise finance. This is also an advantage as more partners can contribute to the capital of the business. Option D suggests that financial information is kept private. This is not necessarily a disadvantage as it depends on the context. <br /><br />## Step3: <br />Option C states that business decisions affect all partners. This can be seen as a disadvantage as disagreements can arise and decisions may not always be in the best interest of all partners. <br /><br />## Step4: <br />The second part of the question requires calculating the percentage decrease in sales revenue from January to March. <br /><br />## Step5: <br />To calculate the percentage decrease, we use the formula: <br /><br />### \( \text{Percentage decrease} = \frac{\text{Initial value} - \text{Final value}}{\text{Initial value}} \times 100\% \)<br /><br />## Step6: <br />Assume the sales revenue in January is \( X \) and in March is \( Y \). Substitute \( X \) and \( Y \) into the formula and calculate the result.
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