GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Partnership is owned by a group who also serves as the benefactors of the business.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Answer and Explanation: A partnership is an association of TWO or more persons to carry on as co-owners of a business for profit. One person cannot form a partnership alone.
Detailed explanation-2: -A partnership is the relationship between two or more people to do trade or business. Each person contributes money, property, labor or skill, and shares in the profits and losses of the business.
There is 1 question to complete.