Solved

Match Each Term with the Correct Statement Below

Question 22

Matching

Match each term with the correct statement below.

Premises:
A type of corporation that has 75 or fewer stockholders
A group of independent but interrelated elements that make a unified whole, such as the departments or units in a business
An office, department, or agency that carries out a function of state, local, or national government
One of the three basic forms of a business, an association of two or more people as co-owners of a business
One of the three basic forms of a business, owned and controlled by an individual
A form of business that is similar to a for-profit corporation, but generally exempt from income taxes and qualifying as a charitable organization for donors
One of the three basic forms of a business, owned by stockholders who buy shares of stock in the business
A self-employed administrative professional who works from a virtual office to provide off-site administrative and/or personal assistance to clients
The process of defining an organization's long-term mission, assessing the current business environment, anticipating changes in the environment, and developing strategies for achieving the mission
A form of business that combines the tax advantages of a partnership with the limited liability of a corporation
Responses:
system
corporation
strategic planning
government entity
S-corporation
nonprofit corporation
virtual assistant
sole proprietorship
partnership
limited liability company

Correct Answer:

A type of corporation that has 75 or fewer stockholders
A group of independent but interrelated elements that make a unified whole, such as the departments or units in a business
An office, department, or agency that carries out a function of state, local, or national government
One of the three basic forms of a business, an association of two or more people as co-owners of a business
One of the three basic forms of a business, owned and controlled by an individual
A form of business that is similar to a for-profit corporation, but generally exempt from income taxes and qualifying as a charitable organization for donors
One of the three basic forms of a business, owned by stockholders who buy shares of stock in the business
A self-employed administrative professional who works from a virtual office to provide off-site administrative and/or personal assistance to clients
The process of defining an organization's long-term mission, assessing the current business environment, anticipating changes in the environment, and developing strategies for achieving the mission
A form of business that combines the tax advantages of a partnership with the limited liability of a corporation
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