FABM 1: Chapter 3 Review

This type of business possesses the nature and characteristics of two types of business entities.

It is an association of persons with common bond and interest, and who have voluntarily joined together to achieve a lawful common social or economic end.

This type of cooperative is owned and operated by people who buy the goods or services from that cooperative.

It is an artificial entity created by the operation of law.

The secondary obligation of a business towards society is called?

The capital of a sole proprietorship is usually equated with the financial standing of the owner.

This pertains to the profit that a cooperative returns to its owners.

Many investors earn profit by buying shares at cheap price, wait for prices to go up, and then sell them.

The management is entrusted to these individuals elected by the stockholders themselves.

It is engaged in buying raw materials and supplies for processing into finished products.