1) This type of business is owned by two or more people. a) Sole Proprietorship b) Partnership c) Corporation d) Franchise 2) This type of business is owned by many people called stockholders. a) Producer b) Franchise c) Corporation d) Cooperative 3) When comparing the four main types of business organization, which type protects owners the MOST from personal financial liability due to being sued by a customer? a) Retailers b) Corporation c) Manufactures d) Service Business 4) A partnership exists between: A partnership exists between: a) 2 to 20 people b) 20 or more people c) 2 people only d) one owner and their family 5) Businesses that provides and sells services to customers for a fee. a) Manufacturing Business b) Retailing Business c) Service Business d) Wholesaling Business

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