Business Organizations

Match the words with their definitions:

1) People or groups working for a common purpose and whose tasks are often divided into specializations.

2) A business that is owned by one person.

3) A business organization owned by a group of people and created under a government charter.

4) A compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions.

5) Amount by which total revenue exceeds total cost. It is the reward for risk-taking for shareholders in a business organization.

6) The right to the possession, use, or disposal of something; ownership.

7) A business organization owned by two or more people.

8) A rivalry in the marketplace between different business organizations.