BUSINESS ADMINISTRATION
BUSINESS LAW
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Sole Proprietorship
|
|
|
Corporation
|
|
|
Franchise
|
|
|
Partnership
|
Detailed explanation-1: -A partnership is defined as an association of two or more persons to carry on as co-owners a business for profit. As co-owners of a business, partners have an equal right in the decision making process.
Detailed explanation-2: -A partnership is a kind of business where a formal agreement between two or more people is made who agree to be the co-owners, distribute responsibilities for running an organization and share the income or losses that the business generates.
Detailed explanation-3: -partnership. A partnership is defined as an association of two or more persons who carry on as co-owners of a business for profit.
Detailed explanation-4: -partnership, voluntary association of two or more persons for the purpose of managing a business enterprise and sharing its profits or losses.
Detailed explanation-5: -A partnership is an unincorporated association of two or more individuals to carry on a business for profit.