A Partnership Is a Business Owned by Two Individuals;if Three

question 45

True/False

A partnership is a business owned by two individuals;if three or more individuals organize a business,it must be established as a corporation.

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Definitions:

T-scores

Standardized scores with a mean of 50 and a standard deviation of 10, used to compare an individual's score against a normative sample.

Grade Equivalents

A metric used in education to compare a student's test score with the average scores of students in other grades.

NCEs

Normal Curve Equivalents, a type of standardized score used in educational assessments to compare student performance across different age groups and grades.

Bell-shaped Curve

A graphical depiction of a normal distribution of data, where the bulk of data points lie near the mean, creating a symmetrical bell shape.