Which of the Following Is the Proper Definition of a Partnership

question 17

Multiple Choice

Which of the following is the proper definition of a partnership as set out in the Partnership Act?

• A) A partnership exists only where two or more people enter into a written agreement to be partners.
• B) A partnership exists where any business is carried on with a view towards profits.
• C) Partnership exists where two or more persons carry on business together with a view towards profits.
• D) A partnership is only created where the partners actually share the profits from a business.
• E) A partnership is created where a corporation with shareholders is registered with the federal government.

---

Definitions:

Utility Analysis

A technique used in HR to assess the financial impact of different human resource practices, such as training and selection, on organizational performance.

"What If" Scenario

A hypothetical situation used for planning, problem-solving, or strategic thinking, exploring outcomes of different decisions.

Employment Standards Legislation

Laws and regulations established to protect the rights of workers, setting minimum standards for pay, work hours, and conditions.

Pay Equity

The principle of ensuring that employees are compensated equally for work of equal or comparable value, aimed at preventing discrimination based on gender, ethnicity, or other irrelevant factors.