Choose the option that is NOT one of the three types of business organizations. 

Which of the following is the legal obligation to pay debts/injury settlements incurred by the business? 

Which of the following is a business owned and operated by one person? 

What is the official documentation of how partners will divide profits? 

Which of the following consists of a general partner who runs the business and has unlimited liability? 

Which of the following is a type of business in which all partners are actively involved? 

Which of the following is a separate legal entity, or leg being, owned by shareholders, each of whom faces limited liability for the firm’s debt? 

 Which of the following takes place when one company combines with another to become one entity? 

 What is it called when two firms in the same market, with a similar good or service, merge to become one company? 

 What is it called when two or more firms merge, which are involved in different stages of producing the same good? 

 Which of the following is a semi-independent business that pays fees and royalties to a parent company? 

 Can vertical integration create monopolies? 

 What is created when business mergers take place with large companies, more than three businesses, where none of which are responsible for a majority of the sales? 

 Which of the following is a large corporation that produces and sells its goods and services throughout the world?