Mr. Y and Mr. Z are planning to share their capital to run a business. They are going to employ which of the following type of business?

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404FinanceMedium

APartnership

BNone of the given options

CCorporation

DSole-proprietorship

Correct answer

A. Partnership

Explanation

Having more than 2 owners of a business entity is called “Partnership”. Having more than seven owners of a business entity is called corporation..

Mr. Y and Mr. Z are planning to share their capital to run a business. They are going to employ which of the following type of business? - Answer and Explanation | Academy of Pakistan