The phrase which best completes the diagram is liability divided among owners. Thus the correct answer is A.
What is a partnership?
When two or more two people come with the objective to manage the operation of a business by making an alliance, by sharing capital for investment and profit or loss of the organization. The collaboration is said to be a partnership.
A corporation refers business organization where the financial investment is done by the shareholders in exchange for some percentage of the ownership or profit of the organization.
Both the cooperation and partnership involve the distribution of liability among the owners. As they are the ones who took operations and management. The liability of the partner is unlimited in a general partnership and limited in a limited partnership whereas corporate owners have limited liability.
Therefore, option A is appropriate.
Learn more about the partnership, here:
https://brainly.com/question/14485355
#SPJ5
