
Forms of Business Organization
Quiz by janice cabasa
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A form of business owned by only one person.
A form of business owned by two or more persons who contribute resources to the entity.
A form of business organization that has a separate legal personality from its owners.
A form of business organization owned by a group of individuals and is operated for their mutual benefit.
A business owned by two or more people, with a maximum of 20 owners, who have agreed to share all assets, liabilities, profits, and losses of a company.
A business arrangement between two or more parties who have agreed to combine their resources to accomplish a specific project.
A business owned by two or more individuals agreeing to start a business where one or more of the partners are liable only for the amount they have invested.
A business organizational structure that protects the ownerâs personal assets in the event of a business fault or accident.
Ownership in a stock corporation is represented by what?
The owners of a corporation are called?