Question

The type of business ownership in which two or more persons share all costs of opening, operating and maintaining the business is a:

Select one:
a. sole proprietorship
b. partnership
c. franchise
d. corporation

Answer 1

A partnership is the type of business ownership in which two or more persons share all costs of opening, operating, and maintaining the business.

Step-by-step explanation:

A partnership is the type of business ownership in which two or more persons share all costs of opening, operating, and maintaining the business.

For example, if two friends open a restaurant together and share the expenses, responsibilities, and profits, it would be considered a partnership.