Advertisements
Advertisements
Question
Arun and Amrita agree to start a business together by pooling their resources and sharing profits. What type of business structure are they forming?
Options
Sole Proprietorship
Partnership
Joint Stock Company
Cooperative Society
MCQ
Advertisements
Solution
Partnership
Explanation:
A partnership is a voluntary association of two or more persons who agree to carry on some business jointly and share its profits and losses. Since Arun and Amrita are starting a business together, pooling resources, and sharing profits, this clearly fits the definition of a partnership.
shaalaa.com
Is there an error in this question or solution?
