Which of the Following Is the Proper Definition of a Partnership

question 56

Multiple Choice

Which of the following is the proper definition of a partnership as set out in the Partnership Act?

• A) Partnership exists where two or more persons carry on business together with a view towards profits.
• B) A partnership exists where any business is carried on with a view towards profits.
• C) A partnership is created where a corporation with shareholders is registered with the federal government.
• D) A partnership is only created where the partners actually share the profits from a business.
• E) A partnership exists only where two or more people enter into a written agreement to be partners.

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Definitions:

Imperialism

The policy or practice of extending a country's power and influence through colonization, use of military force, or other means.

Aboriginal Peoples

refers to the indigenous inhabitants of a country or region who were present before the arrival of colonial societies.

Domestic Violence

A pattern of behavior in any relationship that is used to gain or maintain power and control over an intimate partner, encompassing physical, sexual, emotional, economic, or psychological actions or threats.

Pervasive Social

Refers to social phenomena or norms that are widespread, deeply ingrained, and present in all areas of society.