Match the Type of Business with Their Characteristics Below

question 104

Essay

Match the type of business with their characteristics below. Type of Business
A. Corporation
B. Partnership
C. Sole proprietorship
D. Partnership and sole proprietorship Characteristic ____
1.Uses withdrawal accounts or drawing accounts. ____
2.Uses owner capital accounts. ____
3. Uses retained earnings account. ____
4. Uses a dividends declared account. ____
5.Uses a profit ratio to allocate earnings among the owners. ____
6.Requires a charter. ____
7. Issues share certificates. ____
8. Has only one owner. ____
9. Has a board of directors. ___
10. Involves more than one owner but has no charter .

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Definitions:

Manned Mission

A space exploration journey where human astronauts are sent to space, as opposed to robotic or unmanned missions.

NASA

The National Aeronautics and Space Administration, a United States government agency responsible for the nation's civilian space program and for aeronautics and aerospace research.

Premises

Statements or propositions from which conclusions are drawn in logical arguments, serving as the basis for reasoning.

Dependent

Relying on or requiring the support of something else for its existence, validity, or significance.