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Match the following business organizations with their characteristics:
A. Sole proprietorship 1. Unlimited liability
B. Partnership 2. Separate legal entity
C. Corporation 3. Limited liability
D. Cooperative 4. Voluntary association

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A-1, B-2, C-4, D-3

A-2, B-4, C-1, D-3

A-1, B-2, C-3, D-4

A-3, B-4, C-3, D-2

answer is C.

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Detailed Solution

Sole proprietorship is a business owned and operated by one person with unlimited liability for business debts.

Partnership is a business owned by two or more people with a separate legal entity from its owners.

Corporation is a business owned by shareholders with limited liability for business debts.

Cooperative is a business owned and operated by its members, who share profits and make decisions democratically.

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