An unincorporated business formed by the association of two or more persons who share risks and profits is called:

Related MCQs

• An association of individuals or corporations formed to conduct a specific financial transaction such as buying a business is known as:
• The profits retained in the business and set aside for specified purposes are known as
• A type of association usually formed by banks or railroads as a central agency where members can settle accounts is known as:
• An association of producers to regulate prices by restricting output and competition is called
• Enterprise is the controlling unit of a business. The operating unit of a business is called:
• Who propounded the Innovation theory of profits?
• The demand for two or more commodities or factor of production that are used together so that a change in demand for one will be reflected in a change in demand for other e.g., cloth and thread is called
• The international trade and exchange between more than two countries without discrimination between those involved is called:
• An employer goes on employing more and more of a factor units until :
• The share broker who sells shares in the apprehension of falling prices of shares is called