Business Organization Ppt

Open Ended

From the previous slide, write a paragraph outlining the benefits and drawbacks Samantha faces as a sole proprietor and the pros and cons she’d encounter if she ran her cupcake business with her best friend, as a partnership. Think about your answer and then begin to write. Your answer will be graded.

Multiple Choice

Which of the following is NOT one of the three main types of business organizations?

• Sole Proprietorship

• Partnership

• Corporation

• Cooperative

Open Ended

Why is understanding different types of business organizations important for entrepreneurs and business owners?

Drag and Drop

Which of the following is a key characteristic of a sole proprietorship?

Placeholder

Drag these tiles and drop them in the correct blank above

Owned by multiple individuals

Owned and managed by a single individual

Owned by the government

Owned by shareholders

Multiple Choice

How does a sole proprietorship affect the owner's personal financial risk?

• The owner's personal financial risk is limited to the amount invested in the business.

• The owner's personal financial risk is not affected by the business.

• The owner's personal financial risk is unlimited and extends to personal assets.

• The owner's personal financial risk is shared with other partners.

Multiple Select

Which of the following are disadvantages of partnerships?

• Potential for Conflict

• Shared decision making

• At least one partner has unlimited liability

• Larger Pool of Capital

Multiple Choice

Which of the following best describes a corporation?

• A business owned by a single individual

• A business that is a legal entity owned by individual stockholders

• A partnership between two companies

• A government-run organization

Multiple Select

Which of the following are advantages for the corporation itself?

• Can borrow money by selling bonds

• Shares of stock are transferable

• Have long lives

• Do not carry responsibility for corporation’s actions

Open Ended

Why does the government closely watch mergers between corporations?

Multiple Choice

Which type of merger involves combining businesses that make unrelated products?

• Horizontal Merger

• Vertical Merger

• Conglomerate

• Joint Venture

Multiple Choice

Which of the following is a disadvantage of multinational corporations?

• They offer products worldwide

• They spread technology and jobs

• They influence cultures of other countries and take advantage of countries with little worker protections

• They have subsidiaries throughout the world

Multiple Select

Which of the following are advantages of business franchises?

• Management training and support

• Strict operating standards

• National advertising programs

• Centralized buying power

Multiple Choice

What is the main benefit for members of a cooperative such as Sam's Club?

• Ability to earn profits

• Reduced prices through shared benefit

• Strict operating standards

• Centralized buying power

Open Ended

Explain how nonprofit organizations differ from other business organizations in terms of profit distribution and tax status.

Multiple Choice

Which of the following is an example of a corporation?

• Kodak

• Accounting Firm

• Restaurant

• Labor Union