When Two or More People Agree to Contribute Resources to Start

question 40

Multiple Choice

When two or more people agree to contribute resources to start and operate a business,it is called a __________.

• A) partnership
• B) limited liability company
• C) sole proprietorship
• D) x corporation

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Definitions:

Farm Boys

Typically young males who worked on farms, either as part of their family’s livelihood or as hired hands, especially prevalent in agricultural societies.

Artisans

Skilled craftworkers who make products by hand, often both creating and selling their goods.

Mobilize Resources

The process of gathering and utilizing various resources like finances, human capabilities, and materials to achieve specific objectives.

Federal Government

The national government of a federal system, which shares power with state or provincial governments according to the constitution of the country.