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Small Organizations Are Characterized by Which of These

question 60

Multiple Choice

Small organizations are characterized by which of these?

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Definitions:

Bylaws

Regulations, rules, or laws adopted by an organization or community to govern its actions and the actions of its members.

Sole Proprietorship

A business structure where a single individual both owns and runs the company, bearing unlimited personal liability for its debts.

Unlimited Liability

A business structure where the owners are personally responsible for all of the company's debts and liabilities.

Business License

A legal authorization to operate a business in a particular municipality, region, or country, often requiring renewal and compliance with specific regulations.

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