Examlex
Match the explanations with the associated abbreviations:
-PE tube
Business For Profit
An organization engaged in commercial, industrial, or professional activities with the aim of generating income exceeding expenses.
Mutual Agency
A principle in partnership where each partner is authorized to act on behalf of the partnership and bind it with their actions.
Entire Partnership
A term not typically used specifically in accounting or law; likely refers to considering all aspects or the full extent of a partnership.
Income-Sharing Ratio
The proportionate distribution of income or profits among participants, typically in a partnership or collaborative venture.