Which of the Following Best Defines a Partnership

question 73

Multiple Choice

Which of the following best defines a partnership?

• A) A business owned and operated by one person who hires part-time employees
• B) A voluntary association of two or more persons to operate a business for profit
• C) The governing body for a corporation
• D) A group of three persons in which each person has limited personal liability

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Definitions:

Personal Action Plans

Detailed strategies individuals create to achieve personal goals, outlining specific steps, timelines, and resources.

Social Networking

The creation and maintenance of personal and business relationships especially online, through websites or applications that enable users to share content, interact, and create communities.

Recommendations

Suggestions or advice intended to help or improve a situation or problem.

Ignoring

Ignoring involves deliberately paying no attention to something or someone, often as a response to behavior deemed undesirable.