A voluntary association of two or more people acting as co-owners of a business is known as a
A) partnership.
B) corporation.
C) sole proprietorship.
D) conglomerate.
E) syndicate.

Question

Quizplus · Accepted Answer

A partnership is a business owned and operated by two or more individuals who share profits and losses. This definition aligns with the provided description. The other options are not applicable as they refer to other forms of business ownership structures.

A Voluntary Association of Two or More People Acting as Co-Owners