EPF 8: Competition in the Mixed Economy

What type of business? - Approximately 3/4 of all businesses in the U.S. are this type of business organization

• Sole Proprietorship

• Partnership

• Corporation

• Non-Profit Organization

What type of business? - Disagreements are the main disadvantage of this type of business organization

• Sole Proprietorship

• Partnership

• Corporation

• Non-Profit Organization

What type of business? - The economic risk is shared by a large number of investors

• Sole Proprietorship

• Partnership

• Corporation

• Non-Profit Organization

What type of business? - The owner receives all profits individually

• Sole Proprietorship

• Partnership

• Corporation

• Non-Profit Organization

What type of business? - Must pay dividends to its shareholders

• Sole Proprietorship

• Partnership

• Corporation

• Non-Profit Organization

What type of business? - Pieces of ownership are called stock

• Sole Proprietorship

• Partnership

• Corporation

• Non-Profit Organization

What type of business? - Provides a service to the public at a minimal or no cost (ex: American Red Cross)

• Sole Proprietorship

• Partnership

• Corporation

• Non-Profit Organization

What type of business? - Allows different people to combine their skills or resources to start and run the business

• Sole Proprietorship

• Partnership

• Corporation

• Non-Profit Organization

What type of business? - The individual owner has unlimited liability

• Sole Proprietorship

• Partnership

• Corporation

• Non-Profit Organization

What type of business? - Controlled by a Board of Directors with government regulations to protect the shareholders/investors

• Sole Proprietorship

• Partnership

• Corporation

• Non-Profit Organization