Business organizations

A business that is run by a single owner

• Sole proprietorship

• Partnership

• Corporation

• Franchise

Which type of company has the least freedom for entrepreneurs

• Partnership

• Corporation

• Proprietorship

• Franchise

What is the advantage of a sole proprietorship?

• Largest type of business

• Permanent

• Profits go to you

• National Advertising

A "Mom-and-Pop" shop is an example of which type of business

• Proprietorship

• Franchise

• Corporation

• Monopoly

If one or more members of a partnership are shielded from unlimited liability, but one or more members are not protected, then the business is organized as a

• Limited Liability

• Limited

• General

• Conglomerate

Partnership where all partners share unlimited liability

• Limited Liability

• Limited

• General

• Conglomerate

Law firms and doctors' offices are two usual examples of what type of business organization?

• Corporation

• Partnership

• Sole Propriertorship

• Conglomerate

Advantage of buying into a corporation

• Share of the profits

• Freedom

• Easy to start

• No economic liability

What is a negative about a partnership?

• Easy top start

• Few government regulations

• Share of the profits

• Liable for your partner

How can a corporation raise capital?

• Sell stocks and bonds

• Print and issue money

• Selling and buying stock

• Issue money and buy bonds