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.
A partnership is a business structure where two or more individuals manage and operate a business together, sharing profits and responsibilities. In this case, the Chinese restaurant owned by two families suggests collaboration and shared management, which is indicative of a partnership. In contrast, the other options represent sole proprietorships or single-owner businesses.