Corporations
This type of corporation operates in multiple nations with their headquarters normally being in the nation that they started in.
What are multinational corporations?
This is the advantage that corporations have that allow them to develop new products and get advantages against competition.
What is research and development?
True or False: Sole proprietorships are unlimitedly liable for any action taken that harms someone.
What is true?
This is when two or more come together and start a business.
What is a partnership?
According to the law of supply what will happen if the price of a product will rise?
What is quantity supplied increases?
This type of corporation is not traded on the public stock exchange.
What is a private corporation?
This is a partial share of a company bought and sold on the public market.
What is a stock?
What type of business organization has the disadvantage that it is harder for them to gain capital?
What is a sole proprietor?
This type of partnership share responsibility for the running of the business and share liability.
What are full partners?
What is it called when only a handful of businesses control the entire market for a good?
What is monopolistic competition?
This type of corporation is publicly traded?
What is a public corporation?
This is who runs a corporation?
Who is the board of directors?
Who gets all profit from a sole proprietor business?
Who is the owner?
This type of partnership as one partner run the business and the other partner be away from the business but get a share of the profit for no liability.
What is a limited partnership?
What state of industry has complete control over the price of goods, and can change the level of marginal revenue?
What is a monopoly?
What is a government owned corporation?
This is who is liable in a corporation.
What is the corporation itself instead of any individual?
This is the reason that there is a lack of permanence as a disadvantage for sole proprietor.
What is that most businesses do not outlast their founders?
What type of business organization has the disadvantage that they can end due to conflict?
What is a partnership?
Where is price set in a pure competition industry?
What is at equilibrium?
Daily Double
List all the ways that corporations can raise capital.
What is selling stocks, selling bonds, taking loans, and giving loans?
What disadvantage can occur if a founder and a board of directors disagree in a corporation.
What is that the founder can be removed from their own company.
Sole proprietors have this advantage when they begin losing money.
What is that it is easiest for them to leave a market?
This type of partnership is when a group of people create legal partnership that has control over the finances and forces a higher amount of regulation in exchange for protection against liability.
What is a limited liability partnership?
What state of industry runs advertisements trying to market non price differentials?
What is monopolistic competition?