Question

Match the term to the definition.



articles of incorporation



A business owned and controlled by two or more people who have entered into an agreement.
proprietorship


A written legal document that defines ownership and operating procedures and conditions for the business.
partnership agreement


A written agreement among all owners.
franchise


A business owned and run by just one person.
partnership


A written contract granting permission to operate a business to sell products and services in a set way.
corporation


A separate legal entity formed by documents filed with a state.

Answer 1

Here are the correct matches for the terms and definitions:

1. **Articles of incorporation**
- A written legal document that defines ownership and operating procedures and conditions for the business.

2. **Proprietorship**
- A business owned and run by just one person.

3. **Partnership agreement**
- A written agreement among all owners.

4. **Franchise**
- A written contract granting permission to operate a business to sell products and services in a set way.

5. **Partnership**
- A business owned and controlled by two or more people who have entered into an agreement.

6. **Corporation**
- A separate legal entity formed by documents filed with a state.