Magic circle
1 2 3 4
5 6 7 8
9 10 11 12

80
20
100
Points

50
20
Points

60
20
Points

40
Points

70
20
Points

60
70
Points

90
70
Points

100
70
Points

80
70
Points

80
70
Points

70
70
Points

40
70
Points

50
70
Points

Corporation
Which form of business
organization has the longest
life?

Corporation
…………….. is legally separate
from its owners

Sole proprietorship
Which form of business
organization is the smallest in
size?

The owner
In sole proprietorships,
…………. is liable for all
obligations of the business

Sole proprietorship
Life of a …………… depends
on the owner’s health or
incapacity

More than
A partnership is a business
owned by ………….. one
person.

Are shared
In a partnership, the profits
and losses ……….. to the
partners according to an
agreed-formula

New partnership
A …… must be formed if
any of the partners is
dead

shares of stock
The ownership of the
stockholders is represented
by …………..………… in the
corporation.

don’t control
The owners of a
corporation ………… the
operation directly

Stockholders
For the corporation
operation, the ………….
elect a board of directors.

Unlimited
Life of a corporation is
………..

False
Life of a corporation doesn’t
depend on the whims or
health of proprietor or
partner. (True or False)