BUISENESS MANAGEMENT
BUSINESS STRUCTURE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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More owners means more disagreements for what type of structure?
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Public Limited
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Partnerships
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Private Limited
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Sole Trader
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Explanation:
Detailed explanation-1: -A partnership is a form of business where two or more people share ownership, as well as the responsibility for managing the company and the income or losses the business generates.
Detailed explanation-2: -A partnership is a business structure made up of 2 or more individuals. In a partnership, the business decisions, income and losses are distributed between the partners. Partnerships are governed by the Partnership Act 1891.
Detailed explanation-3: -Partnerships are unincorporated businesses with two or more owners (partners) who contribute in various ways (capital, labor, etc.) and may have legal liabilities.
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