Match the Following Business Forms with Their Characteristics Below

question 6

Multiple Choice

Match the following business forms with their characteristics below.
-Usually owned and operated by the same person

• A)Sole proprietorship
• B)Partnership
• C)Corporation

---

Definitions:

Loan Terms

The conditions and agreements under which a loan is provided, including the interest rate, repayment schedule, and other obligations.

Cash on Hand

Refers to the total amount of liquid assets that are accessible to a company or individual at any given time.

Partnership Ownership

A form of business organization in which two or more individuals share ownership, profits, and liabilities.

Personal Liability

The legal obligation of an individual to repay his or her debts, often extending to personal assets if necessary.