What Is a Key Characteristic of a Partnership

question 10

Multiple Choice

What is a key characteristic of a partnership?

• A) Each partner must contribute capital to the business.
• B) Each partner shares in company assets upon the dissolution of the partnership.
• C) Each partner is capable of legally contracting.
• D) Each partner must manage the business.

---

Definitions:

Economics Final

An examination or assessment concluding a course in economics, testing students' understanding of economic theories and principles.

Part-Time Job

Employment with fewer hours per week than a full-time position, typically offering more flexibility.

Slice of Pizza

A triangular portion of a pizza pie, often sold individually as a quick meal or snack option.

Marginal Decision Making

The process of evaluating the benefits and costs of small (or marginal) adjustments to an existing course of action.