Question

In which form of business do the members of an organization own and control its activities? The members of a(n) organization own and control its activities.

Answer 1

partnership
legal form of business operation between two or more individuals who share management and profits. The federal government recognizes several types of partnerships. The two most common are general and limited partnerships.

Answer 2

Partnership is the form of business in which the members of the organization owns and control its activities. They directly oversee the operations of the business and has direct involvement towards the day to day activities of the business. The general partners often assume managament responsibilities or decide altogether on how to run the entire organization.