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The Three Common Forms of Business Ownership Include Sole Proprietorship

question 136

True/False

The three common forms of business ownership include sole proprietorship, partnership, and non-profit.


Definitions:

Performance Meets Objectives

A situation where the actual outcomes align with the targeted goals set by an organization or individual.

Controlling

The process of measuring performance and taking action to ensure desired results.

Plans Fulfilled

The successful execution or completion of predetermined strategies or objectives.

Take Corrective Action

The process of identifying, rectifying, and eliminating the root causes of problems or deviations to prevent recurrence and ensure performance standards are met.

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