Westonci.ca offers fast, accurate answers to your questions. Join our community and get the insights you need now. Get immediate and reliable answers to your questions from a community of experienced experts on our platform. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

A partnership is defined as an association of two or more people to carry on a business as co-owners for a profit.

True ☐
False ☐

Sagot :

Final answer:

A partnership is an association of individuals co-owning a business for profit, where responsibilities and profits are shared among partners. The statement 'True' is correct.


Explanation:

True

A partnership is indeed defined as an association of two or more people to carry on business as co-owners for a profit. Partnerships involve sharing profits and responsibilities among the owners.


Learn more about Partnership Definition here:

https://brainly.com/question/32225497