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chp 6 key terms

TermDefinition
sole proprietprship an unincorporated business with one owner who pays personal income tax on profits from the business
unlimited liability s not capped at a maximum amount and exists regardless of the amount of investment
partnership an association of two or more people as partners
corporation
limited liability
cooperative
nonprofit organization
franchise
producer
processor
manufacturer
interediary
wholesaler
retailer
production
procurement
management
finance
accounting
sole
income
partners
regulates
distributes
tasks
function
involves
Created by: 545717