INTRODUCTION TO ENTREPRENEURSHIP
TYPES OF ENTREPRENEURSHIP
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
This type of business is owned by two or more people.
|
|
Sole Proprietorship
|
|
|
Partnership
|
|
|
Corporation
|
|
|
Franchise
|
Explanation:
Detailed explanation-1: -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-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.