Match the Term with Its Definition

question 45

Multiple Choice

Match the term with its definition.
-A legal entity formed by two or more co-owners to operate a business for profit

• A)advisory board
• B)B corporation
• C)C corporation
• D)corporate charter
• E)joint and several liability
• F)partnership
• G)professional corporation
• H)S corporation (Subchapter S corporation)
• I)unlimited liability

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Definitions:

Cheap

Low in cost; inexpensive or affordable in price.

Jargon

Specialized terminology associated with a particular field, profession, or group, often difficult for outsiders to understand.

Business Writing

The craft of composing written communications within or for a business context, including emails, reports, proposals, and memos.

Active Voice

A grammatical voice wherein the subject of the sentence performs the action expressed by the verb, leading to clear and direct expressions.