Identify the Form of Business Organization(s)to Which the Following Characteristics

question 149

Essay

Identify the form of business organization(s)to which the following characteristics apply.
(a)Is a separate business entity.
(b)Can be owned by one person.
(c)Owner or owners are personally liable for debts of the business.
(d)Is a taxable entity.
(e)Is created by a charter from a provincial or the federal government.
(f)Keeps the accounting of its transactions separate from the owner's(s')personal transactions.
(g)May have a contract specifying the division of profits among the owners.
(h)Owner or owners are not personally liable for debts of the business.
Use the following format to indicate whether or not a characteristic applies to each type of business organization.

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Definitions:

Product Penetration

The extent to which a product is recognized and bought by customers in a particular market.

Operational Excellence

An element of organizational leadership that focuses on meeting customer expectations through the continuous improvement of the operational processes and the culture of the organization.

HR Hiring Program

Refers to a structured process or set of practices implemented by a human resources department to attract, select, hire, and onboard qualified candidates.

Portfolio Analysis

A systematic approach to analyzing the elements of a portfolio, often involving reviewing its various investments to determine performance and alignment with strategic goals.