Module 5 Lesson 5 Review Flashcard

Front

What type of business structure allows Lyla to have full control and receive all profits while starting with limited funds? Options: Corporation, Sole Proprietorship, Partnership

Back

Sole Proprietorship

Front

Emily wants to open up her company to the public market and allow people to buy stocks in her company. She does not want to be responsible for all the financial obligations and wants unlimited life for her company. What type of business structure is she considering? Options: Corporation, Partnership, Sole Proprietorship

Back

Corporation

Front

What type of business structure are Marco and Henry likely to choose for their food truck given they want to work together and share responsibilities? Options: Corporation, Partnership, Sole Proprietorship

Back

Partnership