Business Ownership

Front

Only liable for up to the amount invested into the company, and has little to no voice in management.

Back

Limited Partner

Front

What is the most common form of business ownership? Options: Corporation, Company, Sole Proprietorship, LLC

Back

Sole Proprietorship

Front

What is a form of business ownership in which 2 or more people jointly owns a business? Options: Sole Proprietorship, Company, Partnerships

Back

Partnerships

Front

What is the name of a person who owns part of a corporation?

Back

Shareholder

Front

What type of corporation combines the benefits of a partnership and a corporation? Options: Limited Liability Company, Trust, Company

Back

Limited Liability Company

Front

This type of business is subject to many more laws and are more difficult to form.

Back

Corporation

Front

The major policy and financial decision makers of a corporation are determined by the...

Back

Board of Directors

Front

Which of the following is an advantage of a partnership? Unlimited Liability, Arguments, Shared responsibility, Less investors

Back

Shared responsibility

Front

Owned by one individual.

Back

Proprietorship

Front

Owned by two or more individuals.

Back

Partnership