NEW
Font size
WorksheetsVocabulary for Forms of Businesses and Ownership
Total questions: 13
Worksheet time: 7mins
Business owned by two or more persons who share the risks and rewards.
Partnership
Stock
Intermediary
Sole Proprietorship
Shares of ownership in a corporation
Partnership
Stock
Intermediary
Sole Proprietorship
Business that acts as a go-between in moving goods from producers to consumers, such as wholesalers, retailers, and distributors
Partnership
Stock
Intermediary
Sole Proprietorship
A business treated by law as separate from its owners
Corporation
Processors
Manufacturers
Unlimited Liability
Business that change raw goods into more finished products
Corporation
Producers
Manufacturers
Unlimited Liability
Businesses that make finished products out of raw processed goods
Corporation
Producers
Manufacturers
Unlimited Liability
Full legal and financial responsibility for a business.
Corporation
Producers
Manufacturers
Unlimited Liability
Financial responsibility of business owners only for what they invested in a business
Franchise
Non Profit Organization
Cooperative
Limited Liability
A contractual agreement to use the name and sell the goods or services of an existing company
Franchise
Non Profit Organization
Cooperative
Limited Liability
A business whose main purpose is to provide a service rather than to make a profit.
Franchise
Non Profit Organization
Cooperative
Limited Liability
An organization of businesses owned and operated by the members who pool their resources and share the benefits.
Franchise
Non Profit Organization
Cooperative
Limited Liability
A type of business that buys goods in large amounts and resells them to other businesses in smaller lots.
Wholesaler
Retailer
Cooperative
Limited Liability
A business that sells goods or services directly to the public.
Wholesaler
Retailer
Cooperative
Limited Liability
