Business Structure Alice

Advantage of this business is that owner keeps all the profit and is his own boss

• Partnership

• Sole proprietorship

• Corporation

• Franchise

This type of business is considered a separate legal entity in the eyes of the law.  It is owned by shareholders.

• Corporation

• Partnership

• Sole Proprietorship

Publicly traded company
-Governed by Board of Directors
-CEO, COO, CFO
-Stocks sold to raise capital

• Corporation

• Limited Liability Company

• Partnership

• Cooperative

A business organization that is owned and managed by one individual is called a(n)

• sole proprietorship

• franshise

• corporation

• partnership

A company partially owned by the public who buy shares of stock in the business.

• corporations

• enterprises

• monopolies

• cottage industries

What term is defined as an enterprise that produces goods or services, usually to make a profit?

• stock

• business organization

• unlimited liability

• vertical merger

Which business structure allows the owner to have complete control and receive all profits?

• Partnership

• Sole Proprietorship

• Corporation

• Franchise

What type of business structure is considered a separate legal entity and is owned by shareholders?

• Corporation

• Partnership

• Sole Proprietorship

• Cooperative

Which business structure is typically governed by a Board of Directors and involves selling stocks to raise capital?

• Corporation

• Limited Liability Company

• Partnership

• Cooperative

A business organization owned and managed by one individual is known as a(n):

• Sole Proprietorship

• Franchise

• Corporation

• Partnership