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.

Question

Jamari Hickman

Business

19 July, 09:26

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.

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Answers (1)

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Desirae Campos · Answer 1

C) partnership

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.