Which of the Following Would Be Considered a Business Partnership

question 37

Multiple Choice

Which of the following would be considered a business partnership?

• A) Two people own property and collect rent from tenants.
• B) Two entrepreneurs jointly develop an invention.
• C) Three B.C. merchants pool orders to fill a trans- Canada truck.
• D) Farmer Green is share cropping with a land owner in Alberta.
• E) A group of investors form a syndicate to buy a portfolio of securities.

---

Definitions:

Defender Strategy

A business strategy focusing on defending existing market niches, maintaining stable growth, and protecting market share from competitors.

Adaptation Model

The adaptation model is one popular approach to business strategy where a business seeks ways to adapt to its environment.

Little Uncertainty

Situations in which outcomes or expectations are relatively clear and predictable, minimizing the need for guesswork or speculation.

Personality

Is the relatively stable set of psychological attributes or traits that distinguish one person from another. Some organizations believe that one or more particular personality traits may relate to how well an employee can perform a certain job or type of job.