You are here

Advantages And Disadvantages of Partnership

Various Advantages and Disadvantages of Partnership are discussed here. So let us check it out some of the advantages and disadvantages one by one.

Some Advantages of Partnership are:

  1. Partnership allows two  or more  people to come together and share their knowledge to administer or to run a mutual business together.
  2. More profit can be made with partnership.
  3. New and innovative ideas are shared during partnership to run business.
  4. Responsibilites of the business is shared between partners and hence quality work is achieved.
  5. Partnership is easy to establish.
  6. More an more employees are attracted if they are given incentives to join as a partner to grow business.
  7. Use of specialized skills of all the partners to grow business
  8. More capital is available to run a business.

Some Disadvantages of Partnership are:

  1. Sometimes disputes between partners is observed during sharing of ideas, thaughts or profits.
  2. All partners are equally responsible for the debts of the entire firm or the business.
  3. Some times  loss in business is observed if one the partner is retired, die or bankrupt.
  4. To run a business mutual understanding between partners is must.

Explore more Information

WHAT OTHERS ARE READING

Examples of Polynomials

Some of the examples of Polynomials are given below so let us check it out one by one to know more about polynomials.

Polynomials consists of Constants (like 2, -30  or 1/2), variables (like x and y) and exponents (like 2 in x2) but only 0, 1, 2, 3, 4 .......etc are allowed

  • 4x
  • x - 4
  • 2 - 4x
  • 5x2 - 8
  • 22x2 + 44y
  • 2x + 4y + 5z
  • 4xy2 + 3x -5

 

 

Full Form of RAC

RAC - Reservation Against Cancellation

Other full form of RAC are Royal Automobile Club, Rent a Car and Religious Action Center.

so let us find out other meaning of the given terms.

Check it out other similar terms on this site. 

What is Coal Tar ?

Coal tar is a black fluid of tremendously high viscosity when coal is carbonized,

Coal tar is among the by-products which manufactured coke or gasified to make coal gas.

Coal tars are compound and variable mixtures of phenols, polycyclic aromatic hydrocarbons (PAHs), and heterocyclic compounds.

Paracetamol is the only coal-tar derived analgesic which is still in use today, but industrial phenol is now usually synthesized from crude oil rather than coal tar.

Process Validation Stages

Process Validation is divided into three stages, So let us check it out one by one. Following are the three stages.

Stage I - Process Design: With the knowledge of Scale up studies and the prior knowledge which is gained through development, The commercial manufacturing process is defined during this stage of process design.

Stage II - Process Qualification: After defining process design, it is evaluated in this stage to determine whether the process is capable of reproducible commercial manufacturing or not.

Types of Debentures

Check out Types of Debentures discussed below. So let us find out some information on types to know more about debentures.

Debenture Types :

On basis of Security : Secured Mortgage debenture and Unsecured Naked debenture

On basis of Tenure : Redeemable debenture and Perpetual or Irredeemable debenture

On basis of Mode of Redemption : Convertible Debenture ( Fully convertible debenture and Partially convertible debenture) and Non convertible debenture

Full Form of DO,MBBS

Diploma in Ophthalmology (DO) is a course offered by medical schools in various countries.(Other full form and meaning of DO are also available) So check it out other articles related to the given term.

MBBS-- Bachelor of Medicine, Bachelor of surgery (Degree awarded by medical  school).