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Question
Select the most appropriate alternative from those given below and rewrite the statement.
Partnership is an association of__________________ or more persons.
Options
two
seven
ten
twenty
Solution
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.
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