Eenie
Meenie
Miney
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#easiesttestever
100
the most popular form of business ownership in the US today
What is a sole proprietorship?
100
the book of the Bible that outlines practical business advice
What is Proverbs?
100
the business type that gives its owner the most freedom
What is a sole proprietorship?
100
someone to whom a debt is owed
What is a creditor?
100
portions of ownership in a company
What is stock?
200
form of a corporation that is governed by an operating agreement, foreign partners allowed, no regular shareholder meetings required
What is an LLC (limited liability company)?
200
entrepreneur (read in class) that lived by "do unto others as you would have them do unto you"
Who is JC Penney?
200
an investor with no liability or few to no duties in the company
What is a limited partner?
200
corporations exist in these two forms
What are 'public' and 'private?'
200
percentage of small business start-ups that will fail in a year
What is 50%?
300
the business type can best protect its information, "trade secrets"
What is a sole proprietorship?
300
historically, this business type has the shortest lifespan
What is a partnership?
300
president of a corporation
What is hellp
300
becoming security for another's debts
What is a surety?
300
the great risk that balances out the many advantages of a sole proprietorship
What is unlimited personal financial liability?
400
creativity and innovation
What are the two key qualities of an entrepreneur?
400
business type most likely to qualify for a low-interest loan
What is a corporation?
400
someone who agrees to payback portions of the loan if the original borrower cannot
What is a cosigner?
400
type of business most open to government regulation
What is a corporation?
400
chief advantage for incorporating a company
idont know
500
disadvantage most often created as a corporation grows in size
What is impersonality?
500
You buy 64,000 shares of a corporation's stock. If the company has issued a total of 256,000 shares, you own this much of the company's stock.
What is one-fourth?
500
In the eyes of the law, a corporation possesses these two important qualities.
What are individuality and immortality?
500
Law and accounting firms use the partnership model to retain this.
What is her
500
elected by shareholders in a corporation
What is the board of directors?
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