Intro: Ch. 5

Front

Most businesses start as a: partnership, proprietorship, corporation, LLC

Back

proprietorship

Front

Are owned by members, serves their needs, & is managed in their interest.

Back

Cooperatives

Front

The most popular form of ownership for large businesses is a: partnership, proprietorship, corporation, franchise

Back

corporation

Front

The legal document that defines ownership & operating procedures & conditions for a business:

Back

articles of incorporation

Front

Which is NOT a major form of business ownership? proprietorship, partnership, franchise, corporation

Back

franchise

Front

Make-A-Wish Foundation is an example of this type of business ownership:

Back

non-profit

Front

Opening a Jack in the Box in Omaha, NE would be an example of:

Back

franchising

Front

How many basic business activities are there?

Back

6

Front

This type of business ownership is the hardest type of ownership to form.

Back

corporation

Front

This type of business ownership takes on the entire risk of the business.

Back

proprietorship