Business Organizations

This is a business owned and run by a single person.

• Sole Proprietorship

• Partnership

• Corporation

This means the owner is fully responsible for all losses and debts of the business.

• unlimited liability

• fully responsible

• limited liability

This is a business that is jointly owned by two or more people.

• Sole Proprietorship

• Corporation

• Partnership

This means that the business no longer exists if the owner dies, quits, or sells the business.

• Limited liability

• limited life

• unlimited life

This is the stock of finished goods help in reserves.

• inventory

• stock

• charter

This is ownership certificates in a business.

• Stock

• Inventory

• Bonds

Which business organization has unlimited life?

• Partnership

• Corporation

• Sole Proprietorship

This is a form of business organization that is recognized by law as a separate legal entity with all the rights of an individual.

• Sole Proprietorship

• Corporation

• Partnership

In this business organization the owners could have disagreements.

• Sole Proprietorship

• Partnership

• Corporation

This type of business organization is is very difficult to start.

• Sole Proprietorship

• Partnership

• Corporation