8.30 SSEMI1a Business Organizations Learning Task

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4 questions

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SOLE PROPRIETORSHIP - Advantages & Disadvantages

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Required

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Draggable item		Corresponding Item
sole proprietorship		firms legally owned by only one person.
limited liability		firms legally owned by two or more people
partnership		firms legally owned by stockholders
stocks		portion of a firm's profits that are distributed to shareholders
dividend		shares of a company that can be purchased or sold on an exchange
corporation		owner(s) is responsible for firm's debts
unlimited liability		responsibility for business debts are restricted to the shares of stock