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What is a legal arrangement where two or more people share ownership of a business called?
Wiki User
∙ 10y ago
partnership
Wiki User
∙ 10y ago
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4 patterns of business ownership?
what is the 4 basic pattern of business ownership Sole Proprietorship- operated by one individual Partnership- voluntary decision made by 2 or more individuals Corporation- five or more people Cooperative- owned by 15 or more people
What are the factors that affects business ownership?
1.) nature of business 2.) the extent of capital 3.) Number of people 4.) prevailing business climate/government policies 5.) Business knowledge
What is it called when a business is owned by two or more people?
A business that is owned by 2 or 20 people is called a partnership. A business that is owned by 2 or 50 people is called a private company and a business that is owned by unlimited number of people is called a public company.
What is a business owned by 2 or more people called?
I'm guessing its called a partnership business
What is a business owned by two or more people called?
a corporation
When people buy stock in a business they become?
They become part of the ownership group.
4 patterns of business ownership?
what is the 4 basic pattern of business ownership Sole Proprietorship- operated by one individual Partnership- voluntary decision made by 2 or more individuals Corporation- five or more people Cooperative- owned by 15 or more people
People who individually bought ownership in a corporation were called?
Factory workers
What gave people power in feudalism?
The ownership of land. It was called fief.
What do you call 2 people sharing ownership of a business?
partners.... I think that's what I read in a Christmas carol
What are the factors that affects business ownership?
1.) nature of business 2.) the extent of capital 3.) Number of people 4.) prevailing business climate/government policies 5.) Business knowledge
What is it called when a business is owned by two or more people?
A business that is owned by 2 or 20 people is called a partnership. A business that is owned by 2 or 50 people is called a private company and a business that is owned by unlimited number of people is called a public company.
How do partnership resemble sole proprietorship?
A partnership involves 2 or more people that have ownership in a business. It doesn't need to be equal ownership but it does mean each party in the partnership has some official ownership in the business. A sole proprietorship is owned by one individual who makes all the decisions and has sole responsibility for all aspects of the business. In both cases, they have legal and accounting responsibilities.
What encourages people to buy shares in ownership of a company?
The dividends encourage the people to buy shares in the company as they would receive a share of the profits made by business they invested in.
The arrangement by which individuals gain power through competition for the people's vote is called?
representative democracy.
What type of arrangement where people all do the same tasks is called division of labor?
labor
An evaluation of franchising would conclude that this type of arrangement?
appeals to people who want to own a business, but are not comfortable starting a company from scratch.
