Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
7 Cards in this Set
- Front
- Back
|
Partnership |
A business organization done by two or more persons who agreed on specific divisions of responsibilities and profits |
|
|
General partnership |
Partnership in which partnership equally and both responsibility and liability |
|
|
Limited partnership |
A partnership in which only one partner is required to be a general partner |
|
|
Limited liability |
A partnership in which all partners are limited partners |
|
|
Article of partnership |
A partnership aggrement |
|
|
Upa |
Act ordering common ownership interest profits and loss sharing insured management responsibilities in a partnership |
|
|
Assets |
Money and ither valuables |
