Matching Pairs Office Admin VocabularyOnline version Unit 1 by Haley Rudd 1 Similar to a partnership and combines some of the advantages of a partnership and corporation 2 For-profit business that is established when two or more people are in business together 3 For-profit business and one of the most common and simplest types of business structures to own and operate 4 Planning and managing the day-to-day business activities 5 A process used to ensure that the most significant and time-sensitive tasks get completed first partnership sole proprietorship limited liability company (llc) office administration prioritization