Types And Basic Features of Business Enterprises/Organisations - SS1 Economics Past Questions and Answers - page 1

Which type of business has unlimited liability for the owner?

Which type of business is owned by shareholders?

Which type of business combines the benefits of a corporation and a partnership?

Which type of business is owned and operated by a group of individuals who share the profits and have a say in the management of the business?

Which type of business has partners who share the profits and losses of the business?

What is a sole proprietorship?

What is a corporation?