This is the easiest form of business to create and makes up the largest form of business ownership in the US
What is a sole proprietorship
100
Founded a Chocolate Company in a small Pennsylvania town.
Who is Milton Hershey
100
in the business converts materials into goods, for use and then sells those goods to others
What is manufacturing business
100
suppliers and consumers control production in this type of economy
What is market economy
200
short informal inter-organizational written communication
What is a memo
200
In this form of business all parties have unlimited liability
What is a general partnership
200
Creator of Sean Jean Apparel
Who is P Diddy, Sean Combs, Puffy, or Puff Daddy
200
buys goods in large quantities, typically for manufacturers, and resells them in smaller batches to retailers
What is wholesaling business
200
blends elements from command and market economy
What is mixed -market economy
300
The abbreviation KISS stands for this
What is keep it short and simple
300
This type of business ownership is created to serve the good of society and uses its profits to further the mission and goals of the organization.
What is a non profit corporation
300
This is the only African American Owner of his own studios in Atlanta, GA
Who is Tyler Perry
300
Retail and wholesale businesses are often called this
What is a trade business
300
a transaction where both the suppliers and consumers believe they get a benefit
What is voluntary exchange
400
means an exact copy of something
What is a fascimile or fax
400
This type of business is taxed twice, once on the retained earnings of the business and once on the shareholders dividends
What is a C corporation
400
Actress and Entrepreneur.... This person owns the billion dollar Honest Company
Who is Jessica Alba?
400
an arrangement in which an established company sells the right for others to use the companies name and operating plan, to sell products or services
What is a franchise business
400
calculation for the profit or loss of each unit of sale by a business
What is the economics of one unit or EOU
500
generally refers to the duty of the parties to meet and negotiate at reasonable times with willingness to reach agreement on matters within the scope of representation;
What is bargaining in good faith
500
This form of business differs from a C corporation in how it is taxed. Its income and losses are applied to each shareholder and is not taxed twice.
What is an S corporation
500
The DMV's very own & founder of Under Armour
Who is Kevin Plank
500
Assigns a numerical code to every industry in North America based on its primary business function.
What is the North American Industry Classification System
500
These two opposing forces work together to make the market economy operate efficiently