Match each of the following forms of business organization—(1) proprietorship, (2) partnership, (3) public corporation, or (4) private corporation—with the set of characteristics that best describes it.

a. ______ Simple to set up; founder retains control

b. ______ Separate legal entity; shares closely held

c. ______ Easier to transfer ownership and raise funds; no personal liability

d. ______ Shared control; increased skills and resources

e. ______ Issues shares; can choose to follow IFRS or ASPE accounting standards