Which of the Following Is True of General Partnership

question 26

Multiple Choice

Which of the following is true of general partnership?

• A)A business should make a profit in order to qualify as a general partnership.
• B)The general partners need not be the co-owners of the business.
• C)General partnerships can be either oral or implied from the conduct of the parties.
• D)Charity organizations and schools are mostly formed from general partnerships.

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Definitions:

Linear Flow

A sequential process or progression where each step follows the previous one in a straight line.

Engagement

The degree of attention, interest, or involvement that an individual or audience shows towards a particular activity or entity.

Classroom Seating

The arrangement of seats or desks in a classroom, which can affect student engagement and learning.

Collaborative Activities

Tasks or projects that involve two or more people working together towards a common goal.