Entrepreneurship Mid-Term Review

This type of business is owned by stockholders.

• Sole proprietorship
• Partnership
• Corporation
• Franchise

The type of business ownership in which all business decisions are the sole responsibility of the owner.

• Sole proprietorship
• Partnership
• Corporation
• Franchise

This type of business organization makes it easier to secure financing because more than one person may apply for credit.

• Sole proprietorship
• Partnership
• Corporation
• Franchise

Income is taxed twice for this form of business.

• Sole proprietorship
• Partnership
• Corporation
• Franchise

Business form with only one owner

• Sole proprietorship
• Partnership
• Corporation
• Franchise

This type of ownership offers quick startup, an established business plan, recognizable trademark/brand, and a proven promotional strategy.

• Sole proprietorship
• Partnership
• Corporation
• Franchise

Owners of this type of organization may receive dividends.

• Sole proprietorship
• Partnership
• Corporation
• Franchise

These business owners may have trouble raising capital.

• Sole proprietorship
• Partnership
• Corporation
• Franchise

This type of business ownership is often entered into by people with complementary skills

• Sole proprietorship
• Partnership
• Corporation
• Franchise

The Board of Directors control daily business operations for this type of business.

• Sole proprietorship
• Partnership
• Corporation
• Franchise