A business owned by two or more people is called a

• A. Trademark
• B. Partnership
• C. Copyright
• D. Dividends

Answer: (B)

A business owned by two or more people is called a partnership. This reflects an ownership arrangement where two or more individuals share control and profits (and losses) according to an agreement. Partnerships can vary, with general partners who actively manage the business and bear liability, or limited partners who contribute capital but have limited involvement. This setup differs from a corporation, where ownership is through shareholders and liability is typically limited. The other terms refer to different concepts: a trademark is a brand identifier, copyright protects original creative works, and dividends are payments to investors from a corporation’s profits.