Intro to Business: Ch. 6 Business Ownership

A dividend is

• the money lost on a share of stock.

• a tax paid by stockholders.

• the money made as a result of owning a

  share of stock.

• the cost of a share of stock.

Cooperatives were formed to

• sell more products.

• help people cooperate.

• promote each other.

• save money on the purchase of certain

  goods and services.

There are three main types of business organizations: sole proprietorships, partnerships, and

• nonprofits

• cooperatives

• corporations

• franchises

Manufacturers turn raw or processed goods into

• finished goods

• services

• unfinished goods

• capital resources

Partners share ____________________ legal and financial liability.

• limited

• unlimited

Consumers usually deal directly with

• distributors

• wholesalers

• retailers

• manufacturers

Processed goods include all of the following except

• gasoline

• organic vegatables

• steel

• white sugar

Income from a corporate is taxed twice, TRUE OR FALSE

• TRUE

• FALSE

An advantage of a sole proprietorship is that banks will lend you money over a partnership or corporation: TRUE or FALSE

• TRUE

• FALSE

About what percentage of the businesses in America or Sole Proprietorships?

• 100%

• 50%

• 75%