Explain briefly the following characteristics of partnership frim
A. Agreement
B. sharing profits
C. Business​
Answers
Answer:
*An agreement is any statement or contract that is formed between two or more business organizations. ... Technically, most agreements formed between any businesses could be considered business agreements.
*Profit sharing refers to various incentive plans introduced by businesses that provide direct or indirect payments to employees that depend on company's profitability in addition to employees' regular salary and bonuses. In publicly traded companies these plans typically amount to allocation of shares to employees.
*Business is the activity of making one's living or making money by producing or buying and selling products (such as goods and services). Simply put, it is "any activity or enterprise entered into for profit. ... The proprietor is personally taxed on all income from the business.