Which of the Following Is the Correct Definition for a Partnership

question 43

Multiple Choice

Which of the following is the correct definition for a partnership?

• A) An association of two or more persons with one or more general partners and one or more limited partners
• B) A legal entity ordinarily consisting of an association of numerous individuals
• C) An association of two or more persons to carry on as co-tenants in business
• D) An association of two or more persons to carry on as co-owners a business for profit

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Definitions:

Broaden-and-build Hypothesis

A theory in positive psychology that suggests positive emotions broaden one's awareness and encourage novel, varied, and exploratory thoughts and actions.

Broaden-and-build Theory

A psychological theory suggesting that positive emotions broaden one’s awareness and encourage novel, varied, and exploratory thoughts and actions, which over time build an individual’s personal resources.

Risk-as-feelings Hypothesis

The theory suggesting that people’s emotional responses to risky situations play a significant role in their decision-making processes, often overriding rational analysis.

Anxiety

A feeling of worry, nervousness, or unease, typically about an imminent event or something with an uncertain outcome.