| A | B |
|---|
| Sole Proprietorship | Business owned by only one person |
| Partnership | Business owned by two or more people |
| Franchise | Contract with parent company to sell their goods or services |
| Non-Profit Organization | Business whose goal is to provide a service rather than make a profit |
| Corporation | Business considered separate from the owners of the business by law. Owners are stockholders |
| Multinational Corporation | Has business facilities in many countries |
| Accounting | Process of recording and reporting financial data for a business |
| Management | Process of leading and directing all or part of a business |
| Marketing | Process of creating, promoting, and presenting a product to the consumers |
| Information Technology | Process of developing, installing, and implementing computer information systems |
| Operations | Day to day back office running of a business |
| Human Resources | Activities that deal with hiring, firing, training, and other employee issues |
