Engineering Economics
A form of business organization in which a person conducts his business alone and entirely for his own profit, being solely responsible for all its activities and liabilities.

Sole proprietorship
Corporation
Partnership
Entrepreneurship

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Engineering Economics
Which is NOT an essential element of an ordinary annuity?

The first payment is made at the beginning of the first period.
Compound interest is paid on all amounts in the annuity.
The amounts of all payments are equal.
The payments are made at equal interval of time.

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