Question

Click and drag the term to correspond with its correct definition. Not all terms will be used. Corporate action in which one company buys the assets and obligations of another company and assumes control.The joining of two or more business entities into a single entity.Business entity owned, controlled and operated by a group of users for their own benefit.Form of business in which one party gives another rights to sell its products or services and use its business format in a certain geographic area.Individual who has shared ownership in a partnership but takes no part in managing it and has limited liability.Entity taxed like a sole proprietorship or partnership but maintains benefits of incorporation like limited liability.An unincorporated business with one owner.Business entity with two or more owners who share management and profits or losses. Reset AcquisitionMergerCooperativeFranchiseLimited partnerGeneral partnerS corporationC corporationSole proprietorshipPartnership

Answer 1

Answer:

Explanation:

Corporate action in which one company buys the assets and obligations of another company and assumes control. - Acquisition

The joining of two or more business entities into a single entity. - Merger

Business entity owned, controlled and operated by a group of users for their own benefit. - Cooperative

Form of business in which one party gives another rights to sell its products or services and use its business format in a certain geographic area. - Franchise

Individual who has shared ownership in a partnership but takes no part in managing it and has limited liability. - Limited Partner

Entity taxed like a sole proprietorship or partnership but maintains benefits of incorporation like limited liability. - S Corporation

An unincorporated business with one owner. - Sole Proprietorship

Business entity with two or more owners who share management and profits or losses. - Partnership