Alegal arrangement where two or more people share ownership of a business is called a

a.

corporation

b.

sole proprietorship

c.

partnership

d.

franchise

The correct answer is C. Partnership.

Explanation

"Partnership" is a term to refer to the action of associating in legal terms, that is, joining one person or more to collaborate in some task. In business, the concept of partnership is used to describe businesses or entities that are made up of two or more people. Additionally, in a partnership, the organization is owned by more than one person and they participate democratically to make decisions regarding the business or organization. So, the correct answer is C. Partnetship