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Mr Abdullah has a small business. Because of several reasons, he could not expand his business. Now he invited his friend Mr Ayman into the business and he invested a big amount. Now they are doing the business together. Based on this scenario, which of the following forms of business did they start? a. Limited liability company O b. None of the options O. Partnership business O d. Sole proprietorship business

Mr Abdullah has a small business. Because of several reasons, he could not expand his business. Now he invited his friend Mr Ayman into the business and he invested a big amount. Now they are doing the business together. Based on this scenario, which of the following forms of business did they start? a. Limited liability company O b. None of the options O. Partnership business O d. Sole proprietorship business

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Mr Abdullah has a small business. Because of several reasons, he could not expand his business. Now he invited his friend Mr Ayman into the business and he invested a big amount. Now they are doing the business together. Based on this scenario, which of the following forms of business did they start? O a. Limited liability company O b. None of the options O. Partnership business O d. Sole proprietorship business
Transcribed Image Text:Mr Abdullah has a small business. Because of several reasons, he could not expand his business. Now he invited his friend Mr Ayman into the business and he invested a big amount. Now they are doing the business together. Based on this scenario, which of the following forms of business did they start? O a. Limited liability company O b. None of the options O. Partnership business O d. Sole proprietorship business
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