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Artist 52 [7]
2 years ago
14

A legal arrangement where two or more people share ownership of a business is called a ______. A. Corporation b. Sole proprietor

ship c. Partnership d. Franchise Please select the best answer from the choices provided A B C D.
Business
1 answer:
liubo4ka [24]2 years ago
6 0

The correct statement is that a legal arrangement where two or more people share ownership of a business is called a partnership. So, the correct option is C.

A partnership may be started by two individuals with an intention to share the profits and losses of such business in a predetermined proportion.

<h3>Partnership Firm </h3>

A partnership firm is a form of business organization where at least two individuals put their resources and carry a legal business.

The individuals of a partnership firm are collectively known as partners, where they tend to share the profits and losses proportionately to their capital invested.

There exists vicarious liability among the partners, which means that all the partners are liable for the acts of one or more partner as per the legal contract.

A partnership firm may be terminated by lapse of time, dispute between the partners, dissolution, insolvency, but has a perpetual succession.

Hence, the correct option is C that legal arrangement where two or more people share ownership of a business is called a <u>partnership. </u>

<u></u>

Learn more about partnership firm here:

brainly.com/question/6346527

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The answer for this question would then be c. Hope it helps!

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Candonia has a comparative advantage in the production of , while lamponia has a comparative advantage in the production of . Su
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Answer:

Candonia has a comparative advantage in the production of <u>LEMONS</u>, while Lamponia has a comparative advantage in the production of <u>COFFEE</u>. Suppose that Candonia and Lamponia specialize in the production of the goods in which each has a comparative advantage. After specialization, the two countries can produce a total of <u>36</u> million pounds of coffee and <u>36</u> million pounds of lemons.

Explanation:

Since a lot of information was missing, I looked it up and found the attached graphs. The graphs referred to production of coffee and lemons, but I guess they are similar questions.

For every pound of lemons that Candonia produces, it will not be able to produce ¹/₂ pounds of coffee (opportunity cost of producing lemons instead of coffee).

For every pound of coffee that Lamponia produces, it will not be able to produce 1¹/₂ pounds of lemons (opportunity cost of producing coffee instead of lemons).

8 0
3 years ago
Jan pays $70 each month for her auto insurance policy. This regular payment is called a : A.) co-pay. B.) deductible. C.) premiu
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Marigold Corp. self-insures its property for fire and storm damage. If the company were to obtain insurance on the property, it
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Answer:

loss on fire and storms 710,000

insurance expense zero as the firm didn't acquire any

Explanation:

Notice it state <u><em>"if the company were to obtain insurance"</em></u> Which means it currently has none insurance.

If the firm had an insurance the amount of losses would be deducted from the insurance policy but there is none so we disclosure the entire loss as a result of the period.

Hence, we should recognize the entire loss on fire and storm damage of 710,000 during the year and no insurance expense.

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Organizational architecture is the combination of organizational structure, culture, control systems, and human resource management systems .

<h3>What is Organisational Architecture?</h3>

Organisational Architecture serves as the structure that integrates the human activities and capital resource utilisation within a structure of task allocation.

Therefore, Organisational Architecture helps to determine how efficiently and effectively organizational resources are used.

Learn more about Organisational Architecture at:

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2 years ago
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