A grouping of individuals or businesses that share a common interest or goal and that generally finance an organization is:
A)A corporation
B)An association
C)A family limited partnership
D)An individual proprietorship
E)None of the above

Question

Quizplus · Accepted Answer

A grouping of individuals or businesses that share a common interest or goal and that generally finance an organization is called an association. A corporation is a legal entity that is separate from its owners and is formed to conduct business. A family limited partnership is a type of partnership specifically designed for family members to transfer assets while minimizing taxes. An individual proprietorship is a business owned and operated by one person. Therefore, the best choice is B- an association.

A Grouping of Individuals or Businesses That Share a Common