The Characteristics Below Apply to at Least One of the Forms

question 9

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.Owner or owners are personally liable for debts of the business.
d.Is a taxable entity?
e.Is a business entity?
f.May have a contract specifying the division of profits among the owners?
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.

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Definitions:

Forgetting

The loss or inability to recall information that was previously encoded into long-term memory.

Seconds

The base unit of time in the International System of Units (SI), defined as the duration of 9,192,631,770 periods of the radiation corresponding to the transition between two hyperfine levels of the ground state of the cesium-133 atom.

Steps to Memory

The process of memory formation, typically involving encoding, storage, and retrieval of information.

Sensing

The process of receiving information from the environment via sensory organs.