What kind of business organization is easy to start and stop and involves sharing the work? A. Sole proprietorship B. Partnership C. Limited liability company D. Corporation.
Question & Answer
Easy to start and stop
1 Answer
Verified archiveThe correct answer is B. Partnership.
A partnership is a type of business organization where two or more individuals share the work, responsibilities, and profits. It is relatively easy to start and stop compared to other business structures, as it doesn’t require extensive formalities or registration with the government like corporations do. Each partner can contribute to the business’s operations, making it a collaborative effort.