Match the Term with Its Definition

question 35

Multiple Choice

Match the term with its definition.
-A business owned by one person, who bears unlimited liability for the enterprise.

• A)board of directors
• B)general partner
• C)legal entity
• D)limited liability company
• E)limited partners
• F)nonprofit corporation
• G)partnership agreement
• H)sole proprietorship
• I)social network

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Definitions:

Special Order

An order for goods or services that is made to a customer's specific requirements and specifications.

Receive Payments Window

The Receive Payments Window is a feature in accounting software where businesses record the collection of money from customers against their outstanding invoices.

Checking Account

A bank account that allows for both deposits and withdrawals, often used by individuals and businesses for day-to-day transactions.

Accounts Receivable

Money owed to a company by its customers or clients for goods or services delivered or used but not yet paid for.