INTRODUCTION TO ENTREPRENEURSHIP
TYPES OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A form of business ownership where 2 or more people share the assets, liabilities and profits.
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franchise
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partnership
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corporation
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sole proprietor
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Explanation:
Detailed explanation-1: -A partnership is an arrangement between two or more people to oversee business operations and share its profits and liabilities.
Detailed explanation-2: -As the name states, a partnership is a business owned by two or more people, known as partners. Like sole proprietorships, partnerships are able to take advantage of flow-through taxation.
Detailed explanation-3: -Types of Partnerships Generally, a partnership is a business where two or more individuals have ownership. There are three forms of partnerships: limited partnership, general partnership, and limited liability partnership. The three forms differ in various aspects, but also share similar features.
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