Entrepreneurs

The process of starting and managing your own business:

• franchise

• entreprernship

• general partnership

• limited partnership

What challenges does an entrepreneur face?

• money

• responsibility

• paperwork

• all of the above

One benefit of being an entrepreneur having your independence.

• True

• False

This is the simplest form of business organization

• Limited Liability Corporation
• Corporation
• Sole Proprietorship
• Partnership

This type of business organization involves two or more individuals who agree to contribute resources to the business in return for a share of the profit

• Corporation
• Sole Proprietorship
• Limited Liability Corporation
• Partnership

In this type of business organization partners share both in the responsibility for running the business and in any liability from it's operation

• Limited Partnership

• General Partnership

• Corporation

• Franchise

The legal obligation to pay any debts of the business.

• Financial considerations

• Asset

• Liabilty

• Stockholders

A legal entity with an existence that is distinct from the people who organize, own, and run it.

• Sole Proprietorship
• Partnership
• Corporation
• Entrepreneurship

What is left after the business pays for everything it uses to provide goods and services.

• cash

• capital

• profit

• resource

What is the amount of a product offered for sale?

• demand

• good

• service

• supply