..... has multiple owners or partners, some of whom are also usually responsible for the day-to-day running of the business.

FINANCIAL TERMINOLOGY

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

____ has multiple owners or partners, some of whom are also usually responsible for the day-to-day running of the business.

A	Friendship
B	Presidentship
C	Partnership
D	Corporations

Explanation:

Detailed explanation-1: -A partnership is a business that two or more people own together. Each partner contributes to the financial and/or operational side of the company, and in return, they’re also personally responsible for some or all of the profit and losses.

Detailed explanation-2: -Key Highlights. Partnerships are unincorporated businesses with two or more owners (partners) who contribute in various ways (capital, labor, etc.) and may have legal liabilities.

Detailed explanation-3: -Partnership in a business is when two or more individuals form a business together, agreeing to share the profits, losses, and management of the company.

Detailed explanation-4: -A partnership is a legal arrangement that allows two or more people to share responsibility for a business. Those partners share the ownership and profits, but they also share the work, responsibility, and potential losses.

There is 1 question to complete.

ECONOMICS

COST ACCOUNTING

FINANCIAL TERMINOLOGY