Two friends set up together, sharing management and profits. That arra…

Question

Two friends set up together, sharing management and profits. That arrangement is a:

Accepted Answer

B. A partnership

1. All partners take part in running it.
2. Profits are shared between them.
3. It is a partnership of that kind.
_Source: OpenStax Introduction to Business, Chapter 4, Forms of Business Ownership._

Answer

A joint venture

Answer

A corporation

Answer

A cooperative

Two friends set up together, sharing management and profits. That arrangement is a:

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