THE SITUATION IN WHICH A BUSINESS CEASES TO EXIST IF THE OWNER DIES, RETIRES, OR LEAVES THE BUSINESS
What is LIMITED LIFE
100
LIST ONE REASON WHY PARTNERSHIPS MIGHT BE EASIER TO RUN THAN A SOLE PROPRIETORSHIP
What is ACCESS TO MORE MONEY, MORE MINDS, LARGER INVENTORY
100
A GOVERNMENT DOCUMENT GRANTING PERMISSION TO CREATE A CORPORATION
What is CORPORATION
100
TWO COLLEGE FRIENDS DECIDE TO OPEN A HARDWARE STORE AND, MOST LIKELY, FORMED A
What is PARTNERSHIP
200
THE SITUATION IN WHICH A BUSINESS OWNER IS RESPONSIBLE FOR ALL LOSES AND DEBT. THE OWNER COULD LOSE THEIR HOUSE, THEIR CARS, AND THEIR PROPERTY.
What is UNLIMITED LIABILITY
200
TYPE OF PARTNER THAT INVESTS ONLY MONEY AND HAS NO SAY IN THE DAY TO DAY BUSINESS DECISIONS
What is SILENT PARTNER
200
THE MAIN STRENGTH OF A CORPORATION
What is EASE OF RAISING MONEY
200
WHICH TYPE OF BUSINESS CARRIES OUT THE LARGEST VOLUME OF BUSINESS IN THE US?
What is CORPORATIONS
200
ONE REASON WHY BUSINESSES MERGE
What is CREATE A MORE EFFICIENT BUSINESS, SAVE MONEY, CHANGE NAMES, DELIVER A BETTER PRODUCT, TO BECOME LARGER
300
THE MOST ATTRACTIVE FEATURE OF A SOLE PROPRIETORSHIP IS HOW EASY IT CAN...
What is OPEN, CLOSE, BE ORGANIZED.
300
DISADVANTAGE OF A PARTNERSHIP
What is DIFFICULTY OF RAISING MONEY, POTENTIAL CONFLICT, STILL A SMALL NAME/BUSINESS
300
HOW DO CORPORATIONS RAISE MONEY?
What is SELL STOCKS AND/OR BONDS
300
PAYS DOUBLE THE TAXES AND IS SUBJECT TO MORE GOVERNMENT REGULATION
What is CORPORATIONS
300
THE SITUATIONS WHEN BOTH LABOR AND MANAGEMENT AGREE ON TERMS OF A CONTRACT
What is COLLECTIVE BARGAINING
400
WHAT DOES A PERSON GAIN WHEN THEY HAVE A SUCCESSFUL SOLE PROPRIETORSHIP?
What is ALL THE PROFITS, PSYCHOLOGICAL SATISIFACTION
400
TYPE OF PARTNER THAT IS ONLY LIABLE FOR THE FUNDS HE OR SHE HAS INVESTED
What is A LIMITED PARTNER
400
COURT GRANTED PERMISSION TO NOT PAY SOME OR ALL OF YOUR DEBTS.
What is BANKRUPTCY
400
UNLIMITED LIFE IS AN ADVANTAGE BECAUSE THE BUSINESS CONTINUES TO EXIST EVEN WHEN OWNERSHIP CHANGES
What is CORPORATION
400
TYPE OF MERGER WHEN TWO BUSINESSES COME TOGETHER THAT PRODUCE THE SAME KIND OF PRODUCT LIKE TWO BANKS OR TWO CAR COMPANIES
What is HORIZONTAL MERGER
500
THIS WOMAN STARTED HER OWN MAKE-UP COMPANY AND BECAME ONE OF THE MOST FAMOUS WOMEN TO OWN HER OWN BUSINESS
What is MARY KAY
500
ONE ADVANTAGE THAT PARTNERSHIPS HAVE OVER SOLE PROPRIETORSHIPS
What is LARGER IN SIZE, MORE EFFICIENT, LARGER INVENTORY
500
A CORPORATION THAT HAS AT LEAST 4 BUSINESSES, EACH MAKING UNRELATED PRODUCTS
What is CONGLOMERATE
500
MAJOR ISSUES IN COLLECTIVE BARGAINING INCLUDE
What is WORKING CONDITIONS AND FRINGE BENEFITS
500
RUN LIKE A CORPORATION, THESE BUSINESSES GIVE ALL THEIR PROFITS BACK TO THE COMMUNITY. EXAMPLES INCLUDE THE RED CROSS, THE NATIONAL WILDLIFE FEDERATION AND THE GIRL SCOUTS.