Which of the Following Partnerships Can Be Classified as Nontrading

question 34

Multiple Choice

Which of the following partnerships can be classified as nontrading partnership engaged in providing services?

• A) Dairy farming
• B) General contracting
• C) Real estate brokerage
• D) Manufacturing

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Definitions:

Wage Rates

This is the standardized amount of compensation given to employees for their services in a given period, typically expressed per hour or year.

Computer Programmers

Professionals responsible for writing, testing, and maintaining the code that enables software applications to function.

Laissez Faire Capitalism

An economic system where private parties are free from government intervention such as regulations, privileges, tariffs, and subsidies.

Human Specialization

The process whereby individuals focus on a narrow area of skill or knowledge, increasing efficiency and productivity in the workforce.