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16 May, 03:47

Which two sentences describe characteristics of a partnership?

The owners are free from personal liability.

The owners pool their resources to raise capital.

The owners in a partnership are called members.

The business benefits because owners can share responsibilities.

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  1. 16 May, 04:17
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    The owners pools their resources to raise capital

    The business benefits because owners can share responsibilities

    Explanation:

    The partnership business is a form of business where two or more people come together to form a business, It entails pooling of resources together and joint management towards profit making. It is guided by partnership deed.

    Members are referred to as partners and not members. It does not have a separate entity, hence the partners liabilities for debts

    It has a close similarities to sole proprietorship but the membership varies from two - One hundred.
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