Which of the following is not an element in the definition of a 'partner'?
A) An ongoing buyer-seller relationship.
B) A commitment over an extended period of time.
C) A mutual sharing of information.
D) A sharing of risks only.

Question

Which of the following is not an element in the definition of a 'partner'? 
A) An ongoing buyer-seller relationship. 
B) A commitment over an extended period of time. 
C) A mutual sharing of information. 
D) A sharing of risks only.

Quizplus · Accepted Answer

The sharing of risks is certainly an important element of a partnership, but it is not the only element. The other options, including an ongoing relationship, a commitment over time, and a mutual sharing of information, are all crucial components of a partnership as well.

Which of the Following Is Not an Element in the Definition