A(n) __________Is an Agreement of Two or More to Engage

question 7

Short Answer

A(n) __________is an agreement of two or more to engage in a business or enterprise with shared profit or loss.

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Definitions:

Financial Support

Assistance provided in the form of funds or resources to support a person, organization, or project financially.

Not-for-Profit Entity

An organization that does not operate for the profit or personal gain of its members and is involved in activities for the benefit of the public or a specific community interest.

Accounting Objectives

The main goals of accounting, including providing financial information about a business to users like shareholders and creditors for decision making.

Voluntary Health And Welfare Entities

Organizations that are primarily funded by donations and are dedicated to health and welfare services for the public, including non-profit hospitals and charities.