Jane and Joan decide to open a plumbing business. Both contribute money to the business, but because Jane has expertise in plumbing, she makes all the management decisions. Joan decides not to participate in any of the day-to-day operations. Jane and Joan will split net income equally. This enterprise is:

Select one:

a.A partnership.

b.Not a partnership because there is no association of two or more people.

c.Not a partnership because they are not carrying on a trade or business.

d.Not a partnership because they do not co-own the business.

e.Not a partnership because they do not share management responsibilities.