Activity 1: Match the characteristics of the forms of business organization under the appropriate heading

Activity 1: Match the characteristics of the forms of business organization under the appropriate heading. Total undivided authority - No board of director to appease Has a separate legal existence from its owners - Used by large businesses - Complete control over the company's finances - Easy and cheap to organize - Resources are limited to those of the owner - Used by small businesses Combines the skills of more the one person - Co-ownership of property Shareholders have limited liability - Unlimited liability Can obtain large amounts of resources by issuing stock Transferable ownership rights Subject to numerous government regulations Sole Proprietorship Partnership Corporation