The Law Establishes a Test for Determining Whether a Partnership

question 67

Multiple Choice

The law establishes a test for determining whether a partnership has been formed. The test includes which of the following?

• A) An association of two or more persons.
• B) Conducting a business not necessarily for profit.
• C) That the partnership agreement is filed with the Secretary of State.
• D) The sharing of gross returns.

---

Definitions:

Distribution Intensity

The level of market coverage achieved by distributing a product widely, selectively, or exclusively.

Omnichannel Strategy

A multi-channel sales approach that provides the customer with an integrated shopping experience, whether they're shopping online, by telephone, or in a brick-and-mortar store.

Exclusive Distribution

A distribution strategy where a product is available for sale through only one or a few selected retailers or channels.

Supply Chains

refer to the interconnected network of organizations, people, activities, information, and resources involved in supplying a product or service from supplier to customer.