Small Business Owners Can Contract with Private Vendors for Training

question 90

True/False

Small business owners can contract with private vendors for training workers,testing applicants,appraising employees.

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Definitions:

Proprietorships

A form of business organization owned by a single individual who is responsible for all its obligations.

Limited Liability

A legal structure that protects individual investors or business owners from being personally responsible for the debts and liabilities of the business beyond their investment.

Partnership Form

A legitimate business structure where two or more partners collaborate in managing the firm and splitting the profits.

Equity Capital

The amount of money that is invested in a company by its owners, as opposed to borrowed funds or debt.