I. Заполните пропуски, используя следующие слова:possessions, adjustment, proprietor,...

Question

I. Заполните пропуски, используя следующие слова:

possessions, adjustment, proprietor, failure, headings, enterprise, efficiency, ownership, conditions, flexible, failure, liability, debts, decisions, responsible

The different types of business organisation may be classified under three.... This is the simplest and the oldest form of business.... A single person is solely... for the success or... of the business. His ... is unlimited… . .... and control are vested in one person. This type of organisation is extremely ... and capable of quick... to changes in market... . The owner is personally liable for the... incurred by his firm. All his ... are at risk. A single person provides the capital, takes the..., and assumes the risks.

Answer 1

The different types of business organisation may be classified under three headings. This is the simplest and the oldest form of business ownership.

A single person is solely responsible for the success or failure of the business. His ... is unlimited …   .  adjustment and control are vested in one person. This type of organisation is extremely flexible and capable of quick liability to changes in market conditions. The owner is personally liable for the debtsincurred by his firm. All his possessions are at risk. A single person provides the capital, takes the decisions, and assumes the risks.          

 

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