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