ECONOMICS
ENTREPRENEURS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Partnership
|
|
|
Proprietorship
|
|
|
Corporation
|
|
|
Limited Liability Cooperative
|
Detailed explanation-1: -A partnership is a formal arrangement by two or more parties to manage and operate a business and share its profits. There are several types of partnership arrangements. In particular, in a partnership business, all partners share liabilities and profits equally, while in others, partners may have limited liability.
Detailed explanation-2: -A partnership (or general partnership) is a business owned jointly by two or more people.
Detailed explanation-3: -Partnership. Partnerships are the simplest structure for two or more people to own a business together. There are two common kinds of partnerships: limited partnerships (LP) and limited liability partnerships (LLP).
Detailed explanation-4: -A Partnership Firm is a business owner by atleast two or more members who share the profits as well the losses among themselves.
Detailed explanation-5: -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.