In a partnership, the owners are not called members; they are typically referred to as partners. The correct sentences that describe characteristics of a partnership are:
1. The owners pool their resources to raise capital: In a partnership, the partners combine their resources, whether it's financial, skills, or expertise, to fund and operate the business together. This pooling of resources allows the partners to have access to a larger capital base than they would individually.
2. The business benefits because owners can share responsibilities: Partnerships allow for the division of labor and responsibilities among the partners. Each partner can contribute in their area of expertise, which can lead to more efficient operations and decision-making within the business.
Therefore, the accurate sentences that describe characteristics of a partnership are related to pooling resources and sharing responsibilities among the partners.
