Which of the organisation types listed below best describes the organisation that F works for?

F manages a portfolio of clients, as do his colleagues. All income that is earned by them is pooled to cover costs and overheads and any remaining profits are split according to an agreed formula. F and his colleagues have joint and several liability in relation to the work they carry out on the organisation’s behalf.

Which of the organisation types listed below best describes the organisation that F works for?
A . Sole-trader
B . Company
C . Partnership
D . Multinational

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Answer: C