What form of business organization is a voluntary association between two or more persons who co-own a business for profit?Multiple choice question.A corporationA sole proprietorshipA partnershipA limited liability company
Question
What form of business organization is a voluntary association between two or more persons who co-own a business for profit?Multiple choice question.A corporationA sole proprietorshipA partnershipA limited liability company
Solution
The form of business organization that is a voluntary association between two or more persons who co-own a business for profit is a partnership.
Similar Questions
Which form of organization offers limited liability to its owners but is not a separate legal entity? A. Limited partnership B. Sole proprietorship C. Partnership D. Public limited company (PLC)
Which form of business organization has a separate legal entity?a) Sole proprietorshipb) Partnershipc) Companyd) Joint Hindu family business
Which form of business organization is a legal entity formed by selling shares of stock to investors?Multiple choice question.The corporationThe syndicateThe sole proprietorshipThe general partnership
Multiple Choice QuestionWhat is the name given to businesses that owned and operated by one individual, and are the most common form of business organization in the United States?Multiple choice question.PartnershipsLimited liability companiesSole proprietorshipsCorporations
Which below is a type business who caters to their owners? a. Corporation b. Partnership c. Cooperative d. Sole proprietorship
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.