Which of the Following Is NOT an Essential Element for the Creation

question 31

Multiple Choice

Which of the following is NOT an essential element for the creation of a partnership?

• A)The partners must be carrying on a business in common.
• B)The business must be carried on by or on behalf of all the partners.
• C)The partnership must be registered with the Australian Securities and Investments Commission (ASI
• D)The partners must intend to make a profit.

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Definitions:

Allowance Budgeting

A method of managing personal or family finances by allocating fixed amounts of money for specific spending categories.

Birth Canal

The Birth Canal is the passage comprising the cervix, vagina, and vulva through which a baby passes during childbirth.

Lopsided

Something that is unevenly balanced in terms of arrangement or distribution, often leading to a bias or disproportion.

Head Shape

The physical form or contour of the skull and face, which can vary significantly between individuals.