INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Partnership
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What type of business is owned by 2 or more people?
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Data thatdescribes a group of people in terms of their age, marital status, familysize, ethnic background, gender, education, and income
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Your mom and dad
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None of the above
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Explanation:
Detailed explanation-1: -A general partnership is a business owned jointly by two or more people. Advantages include: more resources and talents come with an increase in partners, and the business can continue even after the death of a partner. Disadvantages include: partnership disputes, unlimited liability, and shared profits.
Detailed explanation-2: -There are three relatively common partnership types: general partnership (GP), limited partnership (LP) and limited liability partnership (LLP).
There is 1 question to complete.