The growing popularity of bread machines has become a new business opportunity for Shelly Clemins and Jan Schoenbarr.The women make and sell bread machine covers and fabric gift bags to hold the bread loaves made in the machines.The women share the responsibilities of running the business (called Bread & Butter) as well as its profits equally.Bread & Butter would be an example of a(n):
A)general partnership
B)general cooperative
C)limited cooperative
D)S-partnership
E)sole partnership

Question

Quizplus · Accepted Answer

A general partnership is a business structure where two or more individuals share the responsibilities, profits, and liabilities of the business equally, as described in the scenario.

The Growing Popularity of Bread Machines Has Become a New