General Business Chapter 6

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Which of the following is NOT one of the five activities of business managers?

A corporation is a legal entity and has a life separate from its owners.

Municipal means

The form of business that represents two-thirds of U.S. businesses is the

Gathering and analyzing information, and then making decisions about all phases of the business, is called organizing

A business owned by a number of people and operated under written permission

The three types of business include a sole proprietorship, partnership, and corporation.

A business owned by its members that is managed in the owners’ interests is called a cooperative.