Question

part 1: main idea
what term is defined as an enterprise that produces goods or services, usually to make a profit?
business organization
stock
unlimited liability
vertical merger
2 multiple choice 4 points
part 1: main idea
what does the term limited life mean?
the business is restricted in size.
there is a ceiling on the amount of business expenses.
there are many regulations about business activities.
the business does not continue if the owner leaves.

Explanation:

• For the first question:
• A business organization is an enterprise that produces goods or services, usually to make a profit.
• Stock represents ownership in a company.
• Unlimited liability means the owner is personally responsible for all business debts.
• A vertical merger is when a company acquires a business in the same supply chain.
• For the second question:
• Limited life in business terms means the business does not continue if the owner leaves (in the case of sole - proprietorships and some partnerships). It has nothing to do with size restrictions, a ceiling on expenses, or regulations about activities.

Answer:

1. business organization
2. The business does not continue if the owner leaves.