A business organization that is easy to start and stop and also involves sharing the workload, profits, and responsibilities is a partnership. Hence, Option B is correct.
What is a profit?
In any business, a person works continuously with the aim of earning, making money, and living a life that is full of all comforts. This all can be get with the help of profit that a person gets from the person.
Basically, a person who is doing business is in three states. One is profit, the second is loss, and the third is no profit no loss which is also called the break-even point.
A person can do any kind of business, it can be a sole proprietorship, Partnership, Limited Liability Company, and Corporation. In the case of the partnership, a person who is engaged in this kind of business shares the workload, profits, and responsibilities.
Thus, Option B is correct.
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