5.02 Types of Business Organizations

Front

What is a common complaint about regulations pertaining to the establishment and operation of various businesses?

Back

They are too restrictive of individual economic freedom.

Front

What are partnerships in which only one person takes responsibility and the rest of the partners provide only money called?

Back

limited partnership

Front

Corporations are owned by what?

Back

stockholders

Front

What combination results when a corporation purchases other corporations that don't produce the same types of goods?

Back

conglomerates

Front

When one firm is able to dominate the market and no other firm is able to enter the market, what has formed?

Back

monopoly