Which of the following is a disadvantage of a partnership when compared to a corporation? a. the partnership is more likely to have a net loss. b. the partnership is easier to organize. c. the partnership is less expensive to organize. d. the partnership has unlimited liability.

d. The partnership has unlimited liability.

Explanation:

In a partnership, there is an agreement between two or more persons who come together to contribute their assets. In this, the profits and losses are shared between the partners in their profit-losses ratio.  

Whereas a corporation is a group of people who represents as a single entity

The partnership is easier to organize plus it is less expensive too, and we cannot say that the firm is earning profit or suffering any losses but the liability of the partners are limited

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know