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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.
Social Reproduction
The process by which societal norms, values, and hierarchies are perpetuated and maintained across generations.
Bourdieu
Pierre Bourdieu, a French sociologist and public intellectual who is known for his theories of habitus, cultural capital, and social fields.
Wealth Gap
The significant disparity in the distribution of assets, wealth, and income between different groups within a society, often highlighting issues of inequality.
Social Honor
Social honor is the esteem, respect, or reverence accorded by a community to individuals, practices, or positions considered superior or virtuous.
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