BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Corporation
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Incorporation
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Sole Proprietorship
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Partnership
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Detailed explanation-1: -In a general partnership, all parties share legal and financial liability equally. The individuals are personally responsible for the debts the partnership takes on. Profits are also shared equally.
Detailed explanation-2: -Partnership. Partnerships are the simplest structure for two or more people to own a business together.
Detailed explanation-3: -Disadvantages of a Partnership Partners are jointly and individually liable for the actions of the other partners. Profits must be shared with others.
Detailed explanation-4: -The Partners Business-Partnerships If we consider the corporate scenario in India, companies set up on partnership deals are the most popular and basic form of business organization. A partnership is a mutual agreement between two or more parties that agree to carry out a common business.