A Partnership Is a ________

question 98

Multiple Choice

A partnership is a ________.

• A) firm listed on a stock exchange, in which no owner owns a controlling majority of equity
• B) business with two or more owners that is not organized as a corporation
• C) corporation in which the owners have limited liability for the organization's liabilities
• D) private firm in which all owners have equal ownership and limited liability in the event of a bankruptcy

---

Definitions:

Expected Profit Rate

The forecasted return on an investment, calculated based on potential outcomes and their probabilities.

Net Inventory Investment

The change in the total value of inventories in an economy during a specific period.

Positive

An attribute or condition that reflects an increase, improvement, or favorable outcome.

Gross Investment

The total amount of capital invested in a firm, including replacements for depreciation and new investments for expansion.