Common ownership interest in a business, sharing profits (or losses) of a business, and the right to participate in managing the

Question

3 years ago

6

Common ownership interest in a business, sharing profits (or losses) of a business, and the right to participate in managing the

operations of the business are characteristics of a(n):A) corporation.B) sole proprietorship.C) partnership.D) S-corporation.

Business

1 answer:

crimeas [40] · Answer 1 · 2022-08-14T19:33:32+03:00

Answer:

C) partnership

Explanation:

In partnership the partner share the profit / loss of a business and can also participate in the operation of the business. Corporation is is a form of large company they work for the common interest and sole proprietorship does not share the profit or operations of the company with others.