Question

drag and drop the term in the right column to match with the correct definition in the left column. an owner’s responsibility for the debts incurred by the operation of a business. a liability that is limited to a partner’s investment. a business owned and operated by two or more people. a business where each partner’s liability is only limited to their investment in the partnership. a business where each partner is responsible for the debts of the business. limited liability limited partnership partnership general partnership liability

Explanation:

These are standard business - related definitions. Liability refers to debt responsibility. Limited liability caps a partner's debt exposure. A partnership is a multi - owner business. A limited partnership has limited liability for partners, and in a general partnership, partners have full debt responsibility.

Answer:

1. Liability: An owner’s responsibility for the debts incurred by the operation of a business.
2. Limited liability: A liability that is limited to a partner’s investment.
3. Partnership: A business owned and operated by two or more people.
4. Limited partnership: A business where each partner’s liability is only limited to their investment in the partnership.
5. General partnership: A business where each partner is responsible for the debts of the business.