Question

Select the most appropriate alternative from those given below and rewrite the statement.

Partnership is an association of__________________ or more persons.
a) two
b) seven
c) ten
d) twenty

Answer 1

Partnership is an association of two or more persons.
Explanation: A partnership is an association of two or more persons as only one person cannot start a partnership firm. In fact, a single person in business is considered a sole proprietor. So, at least two persons are required to start a partnership firm.