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A partnership is a business where two or more people come together to start and run a business. Some of the attributes of this type of business is that two or more people share in the profits and losses.

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Q: This type of business organization has one or more individuals sharing in profits?
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This type of business organization has one or more individuals sharing in this profits?

partnership


What is the difference between an organisation and a company?

A company is Business organization in structure, where people work for only profits and pay taxes. They will use that money for improving their business and share the profits. But in an Organization, people of same goals work together to achieve a particular mission. They will also get profits, where they need not pay the taxes. Sharing of profits is not possible here, they will use that profit to improve and achieve their mission.


Which type of business does the owner not have to share any profits?

privately owned business owners share no profits. they pay taxes and that is not sharing profit.


What has the author James A Bowie written?

James A. Bowie has written: 'Sharing profits with employees' -- subject(s): Cooperation, Profit-sharing 'Education for business management' -- subject(s): Business, Business education


Internal communication definition?

The definition of internal communication is information transmissions between the members of an organization. It is sharing information on all levels of an organization for business reasons.


What is profit sharing and discuss its merits and demerits?

Profit sharing is when an organization shares a portion of their profits with their employees. It is good because it encourages employees to increase their production. One downfall to it is the fact that money can't be used for research and development or hiring new employees.


What practice management system allows for a sharing of expenses without sharing profits and liability?

Associate Practice.


Difference between block grants and revenue sharing?

A block grant is a specific amount of money received that is then designated for specific projects or areas. Revenue sharing is the amount a business profits and how that monies are distributed to the shareholders, partners, employees etc.


The difference between block grants and revenue sharing?

A block grant is a specific amount of money received that is then designated for specific projects or areas. Revenue sharing is the amount a business profits and how that monies are distributed to the shareholders, partners, employees etc.


What business practice allows an organization to make direct investment very gradually while sharing its risk with a knowledgeable experienced other party?

Alliances


Define shares of company profits beyond salary or wages?

Answer is profit-sharing.


What is informal communication in business organization?

Informal communication in a business organization refers to the exchange of information, ideas, or thoughts among employees outside of the formal channels such as official meetings or emails. This type of communication is usually spontaneous, unstructured, and may occur through conversations, phone calls, or instant messaging. Informal communication helps in building relationships, fostering teamwork, and sharing knowledge within the organization.