1. The form of ownership that gives one person sole control over all business decisions is the a. proprietorship b. partnership c. corporation d. franchise 2. True or False. All investors in a general partnership have full liability for the debts of the business. 3. The people who make the major policy and financial decisions in a corporation are the a. investors b. board of directors c. managers d. owners 4. A special form of business organization that combines advantages of a corporation and a partnership is a a. franchise b. nonprofit corporation c. cooperative d. limited liability company