Denzel has a lot of expertise in architecture but doesn't know much about management. He'd like to share ownership in a business with another person who could offer the management expertise to make the business successful. Which of the following will he likely form?
A) sole proprietorship
B) corporation
C) partnership
D) joint venture

Question

Quizplus · Accepted Answer

A partnership is a business structure in which two or more people share ownership and management responsibilities. This would be the best choice for Denzel as he can provide his expertise in architecture while the other partner can contribute with management skills to make the new business successful.

Denzel Has a Lot of Expertise in Architecture but Doesn't