Short text questionA ______ ; Your answer here;is a type of business that is owned by its members. These members run the organisation in their common interest, using democratic governance.

A ______________ strives to achieve certain economic advantages for their members through joint action on behalf of members. This business is managed democratically by the members and specific values must be maintained for it to subsist.

Generally, a “business” must have some value of its own, apart from its owner.Group of answer choicesTrueFalse

A type of business organization that is owned by one person who gets all the profit of the business but assumes all of the risk is asole proprietorshipcorporationpartnershipnone of the above

Identify the type of for-profit business that is owned by a single individual.

A type of business organization that is treated as a legal person and whose owners (shareholders) enjoy limited liability is asole proprietorshipcorporationpartnershipnone of the above