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Match the type of business organization to its description.
owned by one individual who is responsible for all profits,
losses, and debts
owned and run by more than one person, where all owners
are responsible for all the profits, losses and debts
owned by many investors who are only liable up to their
investment
partnership
arrowRight
sole proprietorship
arrowRight
public company
arrowRight

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Answer:

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Answer:

Individual Ownership: As the name suggests, such type of business is owned & operated by one person. This is the oldest and simplest form of business organization. The businessman invests capital, employs labor & machines. Stance owner alone enjoys the profits and suffers the losses in his business.

Explanation:

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