Proprietorship
Partnership
Corporations
Legalities
Miscellaneous
100
Owner bears all losses and illness or death may close the business
What is a disadvantage of a proprietorship?
100
Capital
What is a business term for the owners money in the company?
100
Close Corporation
What is a business that does NOT offer it's shares to the public?
100
When only one company provides a product or service without competition from other companies.
What is a Monopoly?
100
Golden Arches
What is the trademark for McDonalds?
200
Assets = liabilities + owners equity or capital
What is a balance sheet?
200
Partnership
What is a business owned by two or more people?
200
Shares
What is equal parts of ownership in a company?
200
Sherman Act
What is the first major law making monopolies illegal.
200
Zoning Regulations
What is a regulation that specifies which land areas may be used for homes and which areas may be used for different types of businesses?
300
Creditors
What is the name of people you owe money to?
300
Skills and abilities pooled, reduction in competition and contribution of good will.
What are some of the advantages of a partnership?
300
Board of Directors - Directors or the board
What is the ruling body of the corporation, elected by the stockholders?
300
Robinson - Patman Act
What is an act dealing with the pricing of goods to prevent price discrimination?
300
Intrastate commerce
What is business that occurs in one state?
400
Owner free from red tape, owner personally knows the employees
What is an advantage of a proprietorship?
400
Limited partnership
What is a type of business that is ideal for a person who wants to invest but does not have time or interest to participate in management?
400
An official document through which a state grants the power to operate as a corporation.
What is a charter?
400
Federal Communications Commission
What is a government agency that regulates radio, television , telephone, telegraph, cable and satellite communications?
400
The value of property determined by tax officials.
What is assessed valuation?
500
Selling merchandise on a small scale and not requiring a large amount of capital.
What is a business suited to being a proprietorship?
500
Dormant partner
What is a person who is neither know to the public nor active in management?
500
Publicly owned corporation
What is another name for an open corporation?
500
20 years
What is the amount of time an inventor has to benefit from a patent?
500
70%
What is the amount of federal taxes that are paid by individuals to the federal government on April 15?
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