Question

Common ownership interest in a business, sharing profits (or losses) of a business, and the right to participate in managing the operations of the business are characteristics of a(n):A) corporation.B) sole proprietorship.C) partnership.D) S-corporation.

Answer 1

C) partnership

Step-by-step explanation:

In partnership the partner share the profit / loss of a business and can also participate in the operation of the business. Corporation is is a form of large company they work for the common interest and sole proprietorship does not share the profit or operations of the company with others.