PBMF Lesson 5-2: Forms of Business Ownership
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Other
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9th - 12th Grade
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Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
Owned and controlled by two or more people
Back
Partnership
2.
FLASHCARD QUESTION
Front
A written agreement defines ownership: Proprietorship, Partnership, Corporation, Partnership and/or Corporation
Back
Partnership
3.
FLASHCARD QUESTION
Front
Owned and run by one person
Back
Proprietorship
4.
FLASHCARD QUESTION
Front
Shareholders have a voice in business decisions. Options: Proprietorship, Partnership, Corporation, All of these
Back
Corporation
5.
FLASHCARD QUESTION
Front
No protection for personal assets: Proprietorship, Partnership, Corporation, Proprietorship and/or Partnership
Back
Proprietorship and/or Partnership
6.
FLASHCARD QUESTION
Front
Managed by a board of directors: Proprietorship, Partnership, Corporation, Partnership and/or Corporation
Back
Corporation
7.
FLASHCARD QUESTION
Front
Usually must be dissolved if an owner leaves: Proprietorship, Partnership, Corporation, All of these
Back
Partnership
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