The relationship that exists between persons carrying on a business in common with a view to profit is referred to as a:
A) company.
B) proprietorship.
C) partnership.
D) retailer.

Question

Quizplus · Accepted Answer

The definition provided in the question is that of a partnership. A company is a separate legal entity from its owners/shareholders, whereas a proprietorship is owned by one person. A retailer is a business that sells goods to consumers.

The Relationship That Exists Between Persons Carrying on a Business