Match the answers and the questions

  • A single person provides the capital, takes the decisions, and assumes the risks.
  • The different types of business organization may be classified under five headings.
  • The oldest form of business enterprise is often referred to as the one-person business.
  • The one-person business is prevalent in farming, retailing, repair and maintenance work.
  • The owner is personally liable for the debts incurred by his firm.
  • What are the sectors of business the one-person enterprises are prevalent in?
  • What is the name of the oldest form of business enterprise?
  • What way may the different types of business organization be classified?
  • Who is personally liable for the debts incurred by his firm?
  • Who provides the capital, takes the decisions, and assumes the risks?
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