Allied Business School
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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. 	 

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