Which of the Following Best Defines a Partnership

question 62

Multiple Choice

Which of the following best defines a partnership?

• A) A business owned and operated by one person
• B) A voluntary association of two or more persons to carry on, as co-owners, a business for profit
• C) The governing body for corporate activity
• D) An organization in which each owner has limited personal liability

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Definitions:

Independence Of Panama

The separation of Panama from Colombia in 1903, facilitated by the United States to secure the construction of the Panama Canal.

Roosevelt Corollary

An extension of the Monroe Doctrine articulated by President Theodore Roosevelt in 1904, stating that the U.S. could intervene in the domestic affairs of its neighbors if those neighbors proved unable to maintain order on their own.

Monroe Doctrine

A principle of US foreign policy originating in the early 19th century that opposes European colonialism in the Americas, viewing any new attempts at colonization as hostile acts toward the US.

Great White Fleet

A U.S. naval fleet that circled the globe from 1907 to 1909 as a show of American maritime strength and goodwill.