Which of the following is a feature of partnerships?
A) Two parties granting licenses to exploit each other's products
B) Acceptance of a formal, longterm agreement by two companies
C) Merging of the companies involved
D) A strong firm buying a controlling interest in a weak firm without approval from its board

Question

Which of the following is a feature of partnerships?
A) Two parties granting licenses to exploit each other's products
B) Acceptance of a formal, long­term agreement by two companies
C) Merging of the companies involved
D) A strong firm buying a controlling interest in a weak firm without approval from its board

Quizplus · Accepted Answer

A feature of partnerships is the acceptance of a formal, long-term agreement by two companies. This agreement outlines the terms of the partnership, including the roles and responsibilities of each party, the sharing of resources and profits, and the length of the partnership.

Which of the Following Is a Feature of Partnerships