Describe some typical pairs of entities that you think might be common in business, and describe their relationships, whether many-to-many, one-to-many, many-to-one, or one-to-one. Explain why you think that a particular relationship applies to that pair of entities.

Respuesta :

Answer:

Sole Proprietorship, General Partnership , Limited Partnership, corporation

Explanation:

Business in something that an individual or a group of people do for a living and produce products and services that benefits the society and the people. There are several entities that can be common in business. Some common form of entities are :

Sole Proprietorship : One to one

-- here there is only one owner in the business and he maintains and manages the entire business functions under his control.

Limited Partnership : many to one

-- here two or more than two partners establish business and runs it but only one or more is liable to the amount of the investments.

General Partnership : many to many

-- It is a business partnership where all the partners shares the profits, the assets, legal liabilities and financial liabilities, etc.

Corporation : many to one

It is a business entity where a group of individual or a group of companies run a single business which is generally authorized by the state.

Some of the typical types of the entities that one may think to be common in term of the business entities are about the relationships that are held within many to many and one to many.

  • The one to one relation is Sole Proprietorship, General Partnership, Limited Partnership, corporation.

Learn more about the typical pairs of entities.

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