Asked by Durgesh Kumar on Jun 23, 2024
Verified
A(n) __________ is formed when two or more people agree to contribute resources to start and operate a business together.
A) angel investor
B) partnership
C) company
D) sole proprietorship
E) limited partnership
Partnership
When two or more people agree to contribute resources to start and operate a business together.
Contribute Resources
involves providing or dedicating assets or capabilities, such as time, money, or expertise, to support a project, initiative, or cause.
Angel Investor
A wealthy individual who provides capital for a business start-up, usually in exchange for convertible debt or ownership equity.
- Differentiate among various forms of business ownership and understand the legal consequences associated with them.
Verified Answer
FG
FireFly GamingJun 25, 2024
Final Answer :
B
Explanation :
A partnership is the correct term for a business structure where two or more individuals agree to contribute resources to start and operate a business together.
Learning Objectives
- Differentiate among various forms of business ownership and understand the legal consequences associated with them.