| A | B |
|---|
| business plan | written description of the business and its operations with an analysis of the opportunities and risks it faces |
| sole proprietorship | a business owned and managed by one person |
| proprietor | the owner-manager of a business |
| creditors | those to whom money is owed |
| partnership | a business owned by two or more persons |
| unlimited financial liability | indicates that partners are responsible for their share of the business debts |
| limited partnership | restricts the liability of a partner for the amount of the partner's investment |
| Entrpreneurship | Chapter 5 |
