| A | B |
|---|
| intrapreneur | an employee who is given funds and freedom to create a special unit or department within a large company to develop a new product, process, service |
| business plan | a written document that describes the nature of the business, the goals and objectives |
| proprietorship | a business owned by one person |
| creditor | a person or business to which money is owed |
| proprietor | the one person who owns the business |
| partnership | a business owned by 2 or more people |
| partnership agreement | a written agreement between 2 or more people identifying how partners will add capital, labor, or other assets and divide profits and losses |
| unlimited financial liabilty | if the business fails and some part of the partyners are unable to paya share of the debt, one partner may have to cover those partners shares |
| limited partnership | a partnership with at least general partner who has unlimited liability and at least one limited partner whose liability is limited to their investment |
