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Questions and Answers
Sole Proprietorships are business entities with a single owner or operator. What is the term for this type of business entity?
Sole Proprietorships are business entities with a single owner or operator. What is the term for this type of business entity?
a) Sole Proprietorship
What is the term for a standardized unit of ownership in a business in which shareholders receive payments from the profits?
What is the term for a standardized unit of ownership in a business in which shareholders receive payments from the profits?
c) Share
What is the right or license granted to a business to market a company’s goods in a certain location called?
What is the right or license granted to a business to market a company’s goods in a certain location called?
d) Franchise
What is the term for a legal form of business ownership where two or more people share management and profits?
What is the term for a legal form of business ownership where two or more people share management and profits?
In which business structure does the owner have unlimited liability, bearing full legal responsibility for all business debts?
In which business structure does the owner have unlimited liability, bearing full legal responsibility for all business debts?
What is the term for a partner providing capital but being responsible for business debts up to the amount they have invested?
What is the term for a partner providing capital but being responsible for business debts up to the amount they have invested?
What is the right or license granted to a business to market a company’s goods in a certain location called?
What is the right or license granted to a business to market a company’s goods in a certain location called?
In which business structure does the owner have unlimited liability, bearing full legal responsibility for all business debts?
In which business structure does the owner have unlimited liability, bearing full legal responsibility for all business debts?
What is the term for a legal form of business ownership where two or more people share management and profits?
What is the term for a legal form of business ownership where two or more people share management and profits?
What should business partners establish to define and set their rights as well as income received from the partnership?
What should business partners establish to define and set their rights as well as income received from the partnership?
