A partnership is a business owned by two or more people.

Partnership

A lawful business structure involving two or more people who jointly manage and share the earnings.

Become familiar with the diverse forms of business ownership and their specific traits.

Verified Answer

Final Answer :

True

Explanation :

A partnership is a type of business model where two or more individuals own and operate the business together.

Learning Objectives

Become familiar with the diverse forms of business ownership and their specific traits.