Question

A business venture that involved a number of people combining their wealth for a common purpose is called:

a) Cooperative Enterprise
b) Sole Proprietorship
c) Limited Liability Company
d) Government Corporation

Answer 1

A business venture that involves a number of people combining their wealth for a common purpose is called a partnership.

Step-by-step explanation:

A business venture that involved a number of people combining their wealth for a common purpose is called a partnership. In a partnership, two or more individuals work together to own and run a business, sharing both the responsibility and the profits. This form of business organization allows individuals to pool their resources and expertise to achieve common goals.