Which of the following would be the best example of a partnership?
A)The legal office of Alias, Smith and Jones
B)A local mom and pop restaurant
C)Microsoft
D)A local hospital
E)A State University

Question

Quizplus · Accepted Answer

A partnership is a business organization where two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Deed. The legal office of Alias, Smith, and Jones is likely a law firm operated by partners, making it a classic example of a partnership.

Which of the Following Would Be the Best Example of a Partnership