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7 Cards in this Set

  • Front
  • Back

Business organization

An establishment formed to carry on commercial enterprise

Sole propietorship

A business owned and managed by a single individual

Business license

Authorization to start a business issued by the local government

Zooning law

Law in a city or town that designates separate areas for residency and for business

Liability

The legally b I understand obligation to pay debts

Fringe benefit

Payment other than wages or salaries

Corporation

Legal entity owned by individuals stockholders