What is a Contingent Worker?

"Owner Only" businesses make up what percent of American businesses?

When a large business moves into a community, other businesses will often....

What must a business do in order to be successful?

New employees get trained in order to do their jobs correctly.

Where do businesses buy their supplies, tools and more?

What are the activities used to provide goods and services that customers will want?

What does every business have?

Which business type creates products and services used by individuals and businesses?

What business type sells goods and services, made by producers, to customers?

What business type carries out activities that are consumed by the customers?

Intermediary businesses include dentists, doctors and lawyers.

Service businesses are the fastest growing part of the economy.

What do producers use to take resources from nature?

Who uses the land and livestock for crops and consumption?

Who gets supplies FROM producers and turns them into products?

A company that spins fibers into fabric and makes clothes is an example of a(n):

There are 3 main types of business ownership, plus other specialized forms.

Which ownership type has a business that's only owned by ONE person?

Proprietorships are simple since there aren't many legal or capital requirements.

What type of ownership is controlled by two or more people, in an agreement?

What type of ownership has a separate legal entity and is owned by shareholders?

What do shareholders BUY, to have ownership of a small piece of the company?

Out of the 3 ownership types, Corporations are the most difficult to form and have more requirements.

Which type of business ownership is the most common in the U.S.?

What is the legal document the defines ownership and procedures for a corporation?

Who are the people that make major decisions for a corporation?

What is a DIS-advantage of having a corporation?

What is a franchise?