Mr. Asim, Mr. Abdullah, Mr. Tahir, and Mr.Zakir started a combined business. Theyshared the capital and businessresponsibilities on an equal basis. It is anexample of which type of ownership?• a. Partnershipb. Limited liability companyc. Sole proprietorshipd. Corporation

There are numerous sorts of companies, each with its legal structure and laws, to pick from when…

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Business

Operations Management

shared the capital and busi responsibilities on an equa. example of which type of o • a. Partnership

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Concept explainers

Budgets

A budget is the sum of the amount allocated for a specific purpose and the summary of expected expenses with a plan to meet them. In general, the word 'budget' is used for the financial planning of an individual or an organization for their estimated income and spending.

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Mr. Asim, Mr. Abdullah, Mr. Tahir, and Mr.
Zakir started a combined business. They
shared the capital and business
responsibilities on an equal basis. It is an
example of which type of ownership?
• a. Partnership
b. Limited liability company
c. Sole proprietorship
d. Corporation

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