Types of Business Ownership
General Business
Business 3
Business 4
Business
100
What type of business is started by one person?
Sole Proprietorship
100

Things you don't have to have to survive

Want

100
Which type of business has stocks?
Corporation
200
What type of business involves two or more partners?
Partnership
200

Things you must have in order to survive

Needs

200
What is the easiest type of business to start
Franchise
200
In order to become a you must file articles of incorporation.
Corporation
300
This type of business is run by a board of directiors rather than a owner
Corporation
300

Items that people can use to make or obtain what they need or want

Resources

300
This type of business is very flexible and offers lots of freedom
Sole Proprietorship
300
An advantage to owning this business is that it reduces your competition
Partnership
400
McDonald's is an example of a...
Franchise
400

Money left after a business has paid the cost of providing its goods and services

Profit

400
True or false in a sole proprietorship the owner shares the profits
False
400
True or false all businesses have a CEO?
False
500
This is the most difficult of the three types of businesses to start
Corporation
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