A _______ business converts materials into goods suitable for use and then sells those goods to others.
What is manufacturing
100
Auto repair is an example of this type of business
What is service
100
How many people are responsible in a sole proprietorship business?
What is one
100
This type of liability means a business owner can be legally forced to use personal money and possessions to pay business debt.
What is unlimited liability
100
________ are also known as go-betweens, distributors, and the middlemen
What is wholesalers
200
A _______ is an arrangement in which an established company sells the right for others to use the company's name and operating plan to sell products or services.
What is franchise
200
McDonald's is an example of a _____ company.
What is franchise
200
This type of business ownership has double taxation.
What is C corporation
200
This type of liability means a business owner cannot be legally forced to use personal money and possessions to pay business debt.
limited liability
200
_______ businesses include shops and grocery stores.
What is retail
300
A ______ business buys goods in large quantities and resells them to retailers.
What is wholesaling
300
This type of business sells goods directly to consumers on the Internet
What is retailing
300
This type of business ownership provides unlimited liability for its owners.
What is sole proprietorship
300
Each share in a corporation may earn its owner a ______, which is a portion of the corporation's profit
What is dividend
300
This is the simplest and least expensive form of business ownership.
What is sole proprietorship
400
A _______ business buys goods from wholesalers and resells them directly to consumers.
What is retail
400
This type of business is predicted to dominate the United States economy in the future.
What is service
400
A general ________ provides more than one person for financial backing.
What is partnership
400
Business owners with ________ liability only risk the money specifically invested in the business.
What is limited
400
Cooperatives often share their earnings with their members as what?
What is dividends
500
A _______ is a business owned, controlled, and operated for the mutual benefit of its members.
What is cooperative
500
Fifty years ago, this type of business played a major role in the economy
What is manufacturing
500
Members of a _______ business are individuals who buy the goods of the business, use the services of the business, and are employed by the business
What is cooperative
500
The level of liability for a business owner depends on the type of _________ of the business.