Question: Required: Use the above format to indicate (with a yes or no) whether or not a characteristic applies to each type of business organization. (15

Required: Use the above format to indicate (with a "yes" or

Required: Use the above format to indicate (with a "yes" or "no") whether or not a characteristic applies to each type of business organization. (15 marks)

Question 2 The characteristics below apply to at least one of the forms of business organization. a. Is allowed to be owned by one person only. b. Owner or owners are personally liable for debts of the business. c. is a business entity. d. May have a contract specifying the division of profits among the owners. e. Has an unlimited life. Proprietorship Partnership Corporation DOO d

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