Question

A partnership is defined as "an association of two or more persons to carry on as...

A partnership is defined as "an association of two or more persons to carry on as co-owners of a business for profit." In a Word document, answer each of the questions below. Your answers should be 100-150 words long.

Describe types of businesses that would be unethical to carry on for profit. Explain your reasoning.

Would these same businesses be unethical if carried on in some other form of business organization?

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Answer #1

Types of businesses that would be unethical to carry on for profit are majorly Non-For-Profit businesses. Non-For-Profit businesses are those businesses which have the purpose of philanthropy associated with them. These businesses include shelter for old age people, help to disabled people, help to small children, jobless people, education of people and children etc. These businesses are not intended for profit making purposes but have the aim of helping others an making humanity better. These businesses would not be unethical if carried on in some other form of business organization wherein the sole purpose of that business organization is to maximize its profit and which is not intended for charity or philanthropy activities.

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