The Characteristics Below Apply to at Least One of the Forms

question 98

Essay

The characteristics below apply to at least one of the forms of business organization.
a. Is a separate legal entity.
b. Is allowed to be owned by one person only.
c. Partners or sole proprietors are personally liable for debts of the business.
d. Is a separately taxable entity.
e. Is a business entity.
f. May have a contract specifying the division of profits among the partners.
g. Has an unlimited life
Use the following format to indicate (with a "yes" or "no") whether or not a characteristic applies to each type of business organization. $$\begin{array} { | l | l | l | l | } \hline & \underline{\text { Proprietorthip }} &\underline{ \text { Partnership }} & \underline{\text { Corporation} } \\\hline \text { a. } & & & \\\hline \text { b. } & & & \\\hline \text { c. } & & & \\\hline \text { d } & & & \\\hline \text { e. } & & & \\\hline \text { f. } & & & \\\hline \text { g. } & & & \\\hline\end{array}$$

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Definitions:

Severe Anxiety

An intense and overwhelming feeling of fear and worry that can interfere with daily activities and well-being.

Basket-hold

A physical restraint technique sometimes used in psychiatric settings, designed to safely manage agitated or aggressive individuals, though it raises ethical concerns.

Regain Control

The process of reclaiming authority or mastery over a situation or aspect of one’s life that had previously been lost or diminished.

Environmental Stimuli

External factors or conditions that can provoke a response from a living organism, influencing behavior or physiological processes.