A partnership formed for one specific project or venture is known as a:
Correct answer: A. Particular partnership
- A. Particular partnership
- B. General partnership
- C. Limited partnership
- D. Partnership at will
Explanation
A particular partnership is created for a specific undertaking or venture and normally ends when that venture is completed. A partnership at will continues without a fixed purpose or period until a partner gives notice of dissolution.
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About Nature and Forms of Business Organisation
Business organisation combines people, capital, materials and entrepreneurship to produce goods or services and earn profit, while also meeting customer and social needs. Coverage includes sole proprietorships, partnerships, companies and cooperatives, with comparisons of ownership, liability, control, profit sharing, continuity and legal status.
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