Solved

Match Each of the Following Terms with the Appropriate Definition

Question 206

Matching

Match each of the following terms with the appropriate definition.Each term is to be used only once.

Premises:
A company with a single owner
A company with the goal of maximizing the owners' wealth
A company owned by two or more individuals
An organization that exists to provide goods and services to a target group at a reduced cost or no cost
The owners of this type of organization are taxed when distributions to shareholders are again taxed as individual income
Responses:
Sole proprietorship
For-profit company
Corporation
Partnership
Not-for-profit organization

Correct Answer:

A company with a single owner
A company with the goal of maximizing the owners' wealth
A company owned by two or more individuals
An organization that exists to provide goods and services to a target group at a reduced cost or no cost
The owners of this type of organization are taxed when distributions to shareholders are again taxed as individual income
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