9
practice testMultiple Choice

Practice Test

Question 9 • Economics

Articles of partnership establish

Answer
A
what business taxes are paid.
B
how businesses can raise capital.
C
how profits and losses are divided.
D
what is included in a charter.

Explanation

Articles of partnership are an agreement among partners that sets out how the business will operate. They commonly specify how profits and losses are divided among the partners, so the correct choice is “how profits and losses are divided.”

AI-written and checked against the verified answer.

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