Business and Labor Review

Sole Proprietorship

• personal responsibility of the owners for all debt

• a firm owner by two or more people

• a corporation whose facilities are located in two or more countries.

• a firm owned by one person

• a firm whose legal identity is separate from the person who owns shares of its stocks.

Partnership

• personal responsibility of the owners for all debt

• a firm owner by two or more people

• a corporation whose facilities are located in two or more countries.

• a firm owned by one person

• a firm whose legal identity is separate from the person who owns shares of its stocks.

Corporation

• personal responsibility of the owners for all debt

• a firm owner by two or more people

• a corporation whose facilities are located in two or more countries.

• a firm owned by one person

• a firm whose legal identity is separate from the person who owns shares of its stocks.

Multinational Corporation

• personal responsibility of the owners for all debt

• a firm owner by two or more people

• a corporation whose facilities are located in two or more countries.

• a firm owned by one person

• a firm whose legal identity is separate from the person who owns shares of its stocks.

Unlimited Liability

• personal responsibility of the owners for all debt

• a firm owner by two or more people

• a corporation whose facilities are located in two or more countries.

• a firm owned by one person

• a firm whose legal identity is separate from the person who owns shares of its stocks.

Profit

• the costs of doing business.

• the chance that one might lose money when one goes into business

• money earned by an individual or business.

• the part of a corporation’s net income that is paid out to its stockholders.

• the efficiency with which something is produced.

Dividend

• the costs of doing business.

• the chance that one might lose money when one goes into business

• money earned by an individual or business.

• the part of a corporation’s net income that is paid out to its stockholders.

• the efficiency with which something is produced.

Risk

• the costs of doing business.

• the chance that one might lose money when one goes into business

• money earned by an individual or business.

• the part of a corporation’s net income that is paid out to its stockholders.

• the efficiency with which something is produced.

Expenses

• the costs of doing business.

• the chance that one might lose money when one goes into business

• money earned by an individual or business.

• the part of a corporation’s net income that is paid out to its stockholders.

• the efficiency with which something is produced.

Productivity

• the costs of doing business.

• the chance that one might lose money when one goes into business

• money earned by an individual or business.

• the part of a corporation’s net income that is paid out to its stockholders.

• the efficiency with which something is produced.