Which of the Following Statements Is True

question 10

Multiple Choice

Which of the following statements is true?

• A)A partnership will exist if the persons involved declare that they are in partnership.
• B)Sharing of profits and losses is an essential element of a partnership.
• C)All partners are equal.
• D)A partnership agreement must be in writing.

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Definitions:

Spiny Echidnas

Egg-laying mammals native to Australia and New Guinea, known for their spines and elongated snouts.

Endothermy

The physiological capability of an organism to maintain a constant body temperature through metabolic activity, regardless of external temperatures.

Mammary Glands

Exocrine glands that secrete milk for the young; a derived character of mammals.

Descendants

Individuals or organisms that come from a specific ancestor, representing the future generations in a lineage.