17.2/17.3 Review

Small businesses owned by one person are called...

• dividends

• stocks

• sole proprietorships

• stockholders

Businesses in which two or more people share the responsibilities, costs, profits, and losses are known as...

• partnerships

• corporation

• sole proprietorships

• nonprofit organizations

A type of business that is recognized as a separate legal entity is called a...

• sole proprietorships

• nonprofit organizations

• corporation

• partnerships

Corporations raise money by selling...

• dividends

• stocks

• sole proprietorships

• partnerships

A ____________________ provides goods and services without seeking to earn a profit.

• sole proprietorships

• nonprofit organizations

• corporation

• partnerships

Corporate profits paid to stockholders are called...

• dividends

• stocks

• partnerships

• sole proprietorships

_____________________elect the directors within a corporation.

• sole proprietorships

• nonprofit organizations

• stockholders

• corporation

Stockholders get _______ vote for every share of stock they own.

• one

• one-half

• two

• three

Corporations raise money by selling stocks, but can also issue bonds to raise additional money

• TRUE

• FALSE

Non-profit organization are not taxed by the government and they are not allowed to make political contributions.

• TRUE

• FALSE