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SOL CE.12c

Civics & Economics SOL CE.12c

QuestionAnswer
A person who takes a risk in order to make a profit? Entrepreneur
Entrepreneurs provide new products and services which increase _____ plus promote technological and economic _____. Answer #1 – competition Answer #2 - growth
One owner who takes all risks and profits? Sole Proprietorship
Two or more owners who share risks and profits? Partnership
Type of business that acts as a “legal person” or “legal entity” regardless of the number of owners? Corporation
Corporations share profits, but liability (risk) is to ______ the investment. limited
Created by: Warren_Fisher
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