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5 Cards in this Set

  • Front
  • Back

General partnership

The business organization where two or more individuals working together where each share the responsibility and liability for the business equally.

Joint venture

The business organization where two or more existing business come together to share markets, knowledge and profits

Cooperative

The business organization controlled by its members that come together to pool talents and resources to provide members and customers with goods and services.

Sole proprietorship

The business organization consisting of one person where the person does business as an individual and may use a trade name

Limited partnership

The business organization where two or more individuals with together where at least one controls and manages the business and at least one other merely invests money