INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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an association of two or more person who acts as co-owners of a business
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sole proprietorship
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partnership
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corporation
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enterprise
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Explanation:
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.
Detailed explanation-2: -Any two or more persons may form a partnership. There is no limit imposed on the minimum and the maximum number of partners under the Partnership Act, 1932. According to Companies Act 2013, the maximum number of 100 must not exceed in case of partnership and minimum is 2 partners.
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