Asked by AZALEA RODRIGUEZ on Jun 30, 2024
Verified
Which of the following is most likely to be a partnership?
A) Uncle Mort's Red Wrigglers
B) The accounting firm of Hope and Williams
C) General Motors
D) The Boston Symphony Orchestra
E) The U.S.Post Office
Partnership
A lawful business structure where two or more people share both the management responsibilities and the profits.
General Motors
An American multinational corporation that designs, manufactures, markets, and distributes vehicles and vehicle parts.
- Compare and contrast the various types of business organizations.
Verified Answer
ZK
Zybrea KnightJul 07, 2024
Final Answer :
B
Explanation :
The accounting firm of Hope and Williams is most likely to be a partnership since it involves two or more individuals who have jointly agreed to own and operate the business. The other options are more likely to be a sole proprietorship (A, D, E) or a corporation (C).
Learning Objectives
- Compare and contrast the various types of business organizations.