Select the correct answer. Which of these businesses is a partnership? A. The Lin and Ching families’ Chinese restaurant B. Karton’s furniture-manufacturing business C. Jane Larson’s gift shop.
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Select the correct answer. Which of these businesses is a partnership? A. The Lin and Ching families’ Chinese restaurant B. Karton’s furniture-manufacturing business C. Jane Larson’s gift shop.
The correct answer is A. The Lin and Ching families’ Chinese restaurant.
Explanation: A partnership involves two or more individuals or entities working together in business, sharing profits and responsibilities. Since the Lin and Ching families indicate a collaboration between families in running the restaurant, it represents a partnership. In contrast, Karton’s furniture-manufacturing business appears to be a sole proprietorship, and Jane Larson’s gift shop suggests a single-owner business.