Which of the Following Is True of General Partnership

question 36

Multiple Choice

Which of the following is true of general partnership?

• A) A business should make a profit in order to qualify as a general partnership.
• B) The general partners need not be the co-owners of the business.
• C) General partnerships can be oral or implied from the conduct of the parties.
• D) Charity organizations and schools are mostly formed from general partnerships.

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Definitions:

Social Lock-in

A situation where users become dependent on a social network or platform, making it difficult to leave due to the high cost of losing connections and content.

Fandom

A community of fans forming a subculture around a shared interest in a particular subject, such as a TV show, book, or sports team.

Earned Reach

The exposure a brand or content receives organically, through word-of-mouth, shares, or mentions by users, as opposed to paid advertising.

Brand Engagement

The process of forming an emotional or rational attachment between a consumer and a brand, often through marketing strategies.