Examlex
Every else must be paired with a(n)____________________.
Proprietorships
A form of business ownership where a single individual owns, manages, and is responsible for all aspects of the business, including its debts and liabilities.
Partnerships
An official business setup involving two or more partners, sharing both the management responsibilities and the earnings.
Net Income
The total revenue of a business minus total expenses, taxes, and costs, representing the profit made during a specific period.
Corporations
Legal entities established under corporate law that are distinct from their owners and shareholders, having rights and responsibilities and capable of conducting business.
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