Forms of Business Organization
The three main forms of business organization in the economy today
What are the sole proprietorship, the partnership, and the corporation?
The American state that was the first to make Christmas an official holiday
What was Alabama?
People who own a share or shares of stock in a corporation
What are stockholders (or shareholders)?
Places where entrepreneurs can receive the training and other assistance to build a successful start-up business
What are incubators?
Organizations that work for its members' interests concerning pay, working hours, health coverage, fringe benefits, and other job-related matters
What are labor unions?
informal and usually affluent investors who provide funds to less-promising start-ups
The star that led the Three Kings to the baby Jesus
What is Star of Bethlehem?
How is responsibility shared in a partnership? (number of persons)
is jointly owned by two or more persons
the real-life department store that the movie Miracle on 34th Street is based on
What is Macy's?
What are the major disadvantages of a sole propiertorship? (list three for points)
1. unlimited liability
2. the difficulty of raising financial capital
3. the small size
4. limited managerial experience
5. difficulty of attracting qualified employees
6. limited life
the first company that used Santa Claus in advertising
What is Coca-Cola?
the two most important types of partnerships
What are general partnership and limited partnership?
The best-selling Christmas song of all time
What is "White Christmas"?