| A | B |
|---|
| sole proprietorship | a business owned and managed by a single individual |
| business organization | the ownership structure of a company or firm |
| business license | authorization to operate a business issued by a local government |
| zoning laws | laws in a city or town that designate certain areas, or zones, for residential and business use |
| liability | the legal obligation to pay debts |
| fringe benefits | payments to employees other than wages or salary |
| deregulation | the removal of some government controls over a market |
| antitrust laws | laws that encourage competition in the marketplace |
