65) Match each of the following terms with the appropriate definition. Each term is to be used only once.
a. Partnership
b. For-profit company
c. Not-for-profit organization
d. Sole proprietorship
e. Corporation
_____ 1. A company with a single owner
_____ 2. The owners of this type of organization are taxed when distributions to shareholders are again taxed as individual income
_____ 3. A company owned by two or more individuals
_____ 4. An organization that exists to provide goods and services to a target group at a reduced cost or no cost
_____ 5. A company with the goal of maximizing the owners' wealth
66) Match each of the following businesses with the appropriate type of business. Each type is used only once.
a. Sole proprietorship
b. Partnership
c. Corporation
_____ 1. Doolittle & Baroque Legal Services
_____ 2. B. Rich's Grocery Store
_____ 3. Sony, Inc.
67) Match each of the following firms with the one type of business it is considered to be. Each firm can be only one type of business.
a. Service
b. Merchandising
c. Manufacturing
d. Financial services
_____ 1. Bug-a-boo Pest Control
_____ 2. Toyota
_____ 3. American Express
_____ 4. Huntington Bank
_____ 5. Abercrombie & Fitch
_____ 6. Merry Maids