Asked by CECILIA SIOCO on Jun 20, 2024
Verified
A _____ has been defined as "an association of two or more persons who carry on as co-owners of a business for profit."
A) partnership
B) sole proprietorship
C) C corporation
D) cooperative
E) quasi-public corporation
Association
A group of people or organizations that come together for a common purpose or to share interests.
Business
Organized efforts by individuals or entities to produce and sell goods and services for profit.
- Learn about the consequences of various business ownership models on leadership, decision-making capabilities, and regulatory responsibilities.
Verified Answer
VF
Victoria FitzmorrisJun 25, 2024
Final Answer :
A
Explanation :
A partnership is defined as an association of two or more persons who carry on as co-owners of a business for profit, distinguishing it from other business structures like sole proprietorships, corporations, and cooperatives.
Learning Objectives
- Learn about the consequences of various business ownership models on leadership, decision-making capabilities, and regulatory responsibilities.
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