A group of individuals who work together to make a profit, they have unlimited liability.

• A. Public Sector
• B. Sole Trader
• C. Partnership
• D. Private Sector

Answer: (C)

When a business is run by two or more people who share profits and manage the venture together, it’s typically a partnership. A key feature here is unlimited liability, meaning each partner can be personally responsible for the business’s debts, so personal assets could be at risk to cover any losses. This combination of multiple owners and unlimited liability fits a partnership best. The other options don’t match as closely: a sole trader is just one person, not a group; the public sector refers to government-run bodies rather than profit-driven partnerships; the private sector is a broad category of non-government businesses and doesn’t specify the ownership or liability arrangement described.