Forms of Ownership
This type of business is owned by one person and is the easiest from of business to start and end.
What is a Sole Proprietorship?
This term is used to describe a tax on earnings.
What is income tax?
This type of account offers low interest and easy deposits/withdraws.
What is a savings account?
This is the term used to describe items of value you own.
What are assets?
This is what most entrepreneurs have the desire to be.
This country is home to the Alps and famous for chocolate.
What is Switzerland?
This popular franchise begins with a boy living under the stairs.
What is Harry Potter?
This type of ownership involves 2 or more people sharing investments and profits.
What is a partnership?
This is a tax on goods/services.
What is a sales tax?
This investment type involves lending money to a company or the government.
What is a bond?
This is the term used to describe your amounts owed.
What are liabilities?
This is the term used to describe the money needed to open a business.
What is start-up?
This is the largest freshwater lake in North America.
What is Lake Superior?
This actor played Batman in The Dark Knight trilogy.
Owners are not personally liable in this type of business ownership.
What is a corporation?
This is a tax based on the value of land and buildings.
What is property tax?
This account pays a variable interest rate based on government and corporate securities.
What is a money market account?
This is a written record of your assets and liabilities.
What is a balance sheet?
This is an independent business with less than 500 employees.
What is a small business?
This country is both in Europe and Asia.
What is Turkey?
This film showcases the adventures a high school student experiences while skipping school for the day.
What is Ferris Buellers Day Off?
This term describes a written agreement to operate under a brand.
What is a franchise?
This is a direct reduction of the taxes you owe to the government.
What is a tax credit?
This term is used to describe the ease with which an investment can be changed into cash without losing value.
What is liquidity?
This is the term used to describe your assets - your liabilities.
What is net worth?
This is the number one advantage of small businesses.
This is the largest island in the world.
What is Greenland?
This band is known for songs such as Under the Bridge and Dani California.
Who are the Red Hot Chili Peppers?
This ownership type includes 1 managing and at least one limited partner.
What is a limited partnership?
The typical range of tax brackets in the United States.
What is 10-37%?
This is the term used to describe the % of money earned on your savings or investment accounts.
What is yield?
This term is used to describe the situation where your actual spending outweighs your planned spending in your budget.
What is a budget deficit?
The term used to describe money provided by large investors to finance products/businesses.
What is venture capital?
This region includes countries such as Norway, Sweden and Denmark.
What is Scandinavia?
This band is most known for the 1977 album Rumours.
Who is Fleetwood Mac?