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Creating a Business Partnership Agreement

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Partnerships are a popular type of business because:

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1. A partnership requires:

2. A partnership agreement is:

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About This Quiz & Worksheet

This quiz and corresponding worksheet will help you gauge your understanding of what is involved when businesses want to partner. Topics you'll need to know to pass the quiz include why partnerships are a popular type of business and what a partnership requires.

Quiz & Worksheet Goals

Use these assessment tools to assess your knowledge of:

  • Requirements of a partnership
  • Characteristics of a partnership agreement
  • Ways to dissolve a partnership
  • When the partnership ends

Skills Practiced

This worksheet and quiz will let you practice the following skills:

  • Defining key concepts - ensure that you can accurately define main terms, such as a partnership and a partnership agreement
  • Reading comprehension - ensure that you draw the most important information from the related how to create a business partnership agreement lesson
  • Knowledge application - use your knowledge to answer questions about what comprises a business partnership

Additional Learning

To learn more about partnering in business, review the corresponding lesson called Creating a Business Partnership Agreement. This lesson covers the following objectives:

  • Name what a partnership agreement usually includes
  • Understand the importance in role division between partners
  • Learn how disputes should be handled
  • Know the consequences that ownership changes could have
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