MANAGEMENT

Detailed explanation-1: -A partnership is a kind of business where a formal agreement between two or more people is made who agree to be the co-owners, distribute responsibilities for running an organization and share the income or losses that the business generates.

Detailed explanation-2: -A partnership is defined as an association of two or more persons or entities formed to carry on, as co-owners, an unincorporated business for profit.

Detailed explanation-3: -Joint Venture: A business venture where two or more persons or entities combine their interests in a particular enterprise and agree to share in the losses or profits equally or in proportion to their capital and asset contributions.

Detailed explanation-4: -A partnership is an unincorporated association of two or more individuals to carry on a business for profit.

Detailed explanation-5: -A partnership is defined as an association of two or more persons to carry on as co-owners a business for profit.