Business Ownership Structure and Statement Differences

A business with only one owner

Vision statement focuses on future goals, while mission statement addresses the organization's reason for being and how it aims to serve its stakeholders

Fundamental beliefs of a person or organization

<p>An economic system that allows individuals to pursue their own interests without undue government interference</p> Signup and view all the answers

<p>Responsible for setting goals and planning for the future of the company/business</p> Signup and view all the answers

<p>Number of owners and ownership structure</p> Signup and view all the answers

<p>Executing top management decisions and operational planning</p> Signup and view all the answers

<p>Authority hierarchy within the organization</p> Signup and view all the answers

<p>Individual pursuit of interests with minimal government interference</p> Signup and view all the answers

<p>A corporation is owned by a single individual, while a sole proprietorship is owned by stockholders.</p> Signup and view all the answers