The Characteristics Below Apply to at Least One of the Forms

question 118

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:

Two-Factor Theory

A theory that proposes emotions are based on physiological arousal and the cognitive interpretation of that arousal.

Physiological Arousal

The body's acute response to stimuli, characterized by increased physical activity, such as heightened heart rate, blood pressure, and energy levels, often a result of excitement, anxiety, fear, or stress.

Two-Factor Theory

A theory, also known as Schachter-Singer theory, that emotional experience arises from a combination of a state of arousal and a cognitive label for that arousal.

Autonomic Nervous System

The part of the nervous system that controls involuntary body functions such as heartbeat, digestion, and respiration.