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A Partnership Consists of Two or More People Combining Resources

Question 24

Multiple Choice

A partnership consists of two or more people combining resources to start a company. Most partnerships are __________.


A) will vary according to how much resources are committed to the project
B) will change once the business moves from the planning phase to the operations phase
C) general partnerships where the owners have unlimited liability
D) of relatively minor consequence
E) None of the answers apply.

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