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1. Describe Sole Proprietorship, Partnership, and Corporation. Include who owns (how many owners), how taxed, how earnings are allocated, liability, and how capital is raised
1. Describe Sole Proprietorship, Partnership, and Corporation. Include who owns (how many owners), how taxed, how earnings are allocated, liability, and how capital is raised (including how easy/difficult).
2. Describe the 4 distinct characteristics of insurance. HINT: The first is Pooling of losses.
3.Finance activities can be summarized by the Four Cs. List and describe these activities.
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