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Answer each of the following questions. a) What are two disadvantages of a Partnership form of business? b) Describe the difference between Dealer and Auction

Answer each of the following questions.

a) What are two disadvantages of a Partnership form of business?

b) Describe the difference between Dealer and Auction markets.

c) Define the Operating Cycle and describe its two components.

d) Explain three reasons for holding cash or cash-like securities.

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