Which of the following is an unincorporated business owned by two or more?
A) A partnership
B) A proprietorship
C) A corporation
D) An association
E) A trade alliance

Question

Quizplus · Accepted Answer

A partnership is an unincorporated business owned by two or more individuals who have agreed to share profits and losses. A proprietorship is a business owned by one person, while a corporation is a separate legal entity owned by shareholders. An association and a trade alliance are not specific types of businesses.

Which of the Following Is an Unincorporated Business Owned by Two