When two or more people agree to contribute resources to start and operate a business together, it is called a __________.
A) partnership
B) limited liability company
C) sole proprietorship
D) corporation

Question

Quizplus · Accepted Answer

A partnership is a type of business structure where two or more individuals come together to form a business. Each partner contributes resources, such as capital and labor, and shares in the profits and losses of the business. Partnership agreements often outline the rights and responsibilities of each partner and the terms of the partnership.

When Two or More People Agree to Contribute Resources to Start