The most basic form of a partnership is known as a general partnership.

Answer the following statement true (T) or false (F)


True

There are several types of partnerships. In its most basic form, known as a general partnership, each partner has the right to participate in the company's management and share in profits—but also has unlimited liability for any debts the company incurs. See 6-1: Business Ownership Options: The Big Four

Business

You might also like to view...

Which aspect of supervising field workers requires checking to see if the field procedures are being properly implemented?

A) quality control and editing B) control of cheating C) central office control D) sampling control

Business

Which of the following would most likely appear on a company's balance sheet?

A) KPI metrics B) ROMI factors C) CRM metrics D) accounts payable amounts E) data analytics

Business

What is a social enterprise?

What will be an ideal response?

Business

Intangible property does not exist in a physical form

a. True b. False Indicate whether the statement is true or false

Business