A Business Which Is Owned by Two or More People

question 36

Multiple Choice

A business which is owned by two or more people is called a

• A) proprietorship.
• B) partnership.
• C) corporation.
• D) none of the above.

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Definitions:

Mass consumption

The widespread purchasing and use of goods and services by a large number of people, driving consumer culture and economic activities.

New sources of power

Emerging or alternative ways of generating energy beyond traditional fossil fuels, such as solar or wind power.

Minority groups

Communities or populations that are differentiated from the majority of a population based on nationality, race, religion, or some other factor.

Secondary labour market jobs

Positions typically characterized by lower pay, less job security, and fewer benefits, often found in sectors with high turnover and less formal job qualification requirements.