The survival of a partnership depends on

The survival of a partnership depends on the managerial ability of the partners. This is because a partnership is a type of business organization where two or more individuals come together to carry on a business with a view of making a profit. The partners pool their resources together, share in the profits or losses, and also share the risks involved. For the partnership to succeed and survive, the partners must possess the necessary managerial skills and knowledge to manage the business effectively. They need to be able to make sound business decisions, allocate resources properly, manage finances, and develop effective marketing strategies. Without the necessary managerial ability, the partnership may fail to make profits, run into debt, and eventually collapse. Therefore, the survival of a partnership depends on the ability of the partners to manage the business effectively.