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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