Abdm 1073 Study guides, Class notes & Summaries

ABDM1073 Introduction to organisation & management Tutorial 6 Suggested answers Section A: True / False Questions 1. When two or more people legally agree to become co-owners of a business, the form of business is called a partnership. 2. A legal entity with authority to act and have liability separate from its owners is called a partnership. 3. The profits of a sole proprietorship are taxed as the personal income of the owner. 4...