kamibcool kamibcool

07-06-2024
Business

Answered

What is the term for a business that is co-owned by two or more people who
agree on how responsibilities, profits, and losses will be divided?
O partnership
O limited partnership
general partnership
O limited liability partnership

Answer :

GinnyAnswer GinnyAnswer

07-06-2024

Final answer:

A general partnership is a business owned jointly by two or more individuals who share responsibilities, profits, and losses.

Explanation:

A general partnership is a business structure where two or more individuals own a business together, agreeing on how responsibilities, profits, and losses will be divided among them. In this type of partnership, all partners share both the responsibilities and the profits of the business equally.

Learn more about Business Partnerships here:

https://brainly.com/question/37644763

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