A Voluntary Association of Two or More People Acting as Co-Owners

question 126

Multiple Choice

A voluntary association of two or more people acting as co-owners of a business is known as a

• A) partnership.
• B) corporation.
• C) sole proprietorship.
• D) conglomerate.
• E) syndicate.

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Definitions:

Emotional Experiences

The subjective feelings and reactions one undergoes during significant events or in response to stimuli, characterized by affective states.

Debriefing

A process following a research experiment where participants are given full details about the study's purpose and methods and any deception is revealed.

Experiment

An experimental process conducted to uncover a new finding, verify a theory, or prove an established fact.

Explanation

A process of making something clear or understandable, often detailing the reasons or causes of phenomena.