Bob Nichol and Martha Bohner own and operate a small company that bakes and sells Thunder Muffins, gigantic muffins full of blueberries, blackberries, or raspberries.They sell the muffins at a local farm that is open to the public on weekends.Since they operate the business as a partnership, they should:
A)borrow as much as possible
B)hire an outside consultant
C)hire a manager to operate the business
D)seek government assistance
E)agree to share the business's profits and losses

Question

Quizplus · Accepted Answer

In a partnership, it is essential for partners to agree on sharing both the profits and losses of the business. This is a fundamental aspect of partnership agreements, ensuring that all partners are equally invested in the success and responsible for the challenges of the business.

Bob Nichol and Martha Bohner Own and Operate a Small