Types of Businesses

Individuals who buy shares become owners of the company are called:

This type of business operates with ONE owner.

This type of corporation is a business operated by the federal or provincial government. 

Ownership in a corporation is divided into small components called:

Corporations can be as small as one person or as large as a multinational. 

Which of the following is an advantage of a sole proprietorship business?

In a general partnership, all partners have unlimited liability for the firm's debt.  

A partnership agreement document used to record terms & conditions of a sole proprietorship.

Co-operatives use the one-member/one-vote system.