shared the capital and busi responsibilities on an equa. example of which type of o • a. Partnership

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Mr. Asim, Mr. Abdullah, Mr. Tahir, and Mr.
Zakir started a combined business. They
shared the capital and business
responsibilities on an equal basis. It is an
example of which type of ownership?
• a. Partnership
b. Limited liability company
c. Sole proprietorship
d. Corporation
Transcribed Image Text:Mr. Asim, Mr. Abdullah, Mr. Tahir, and Mr. Zakir started a combined business. They shared the capital and business responsibilities on an equal basis. It is an example of which type of ownership? • a. Partnership b. Limited liability company c. Sole proprietorship d. Corporation
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