Vocab
Reviewing Facts 1
Reviewing Facts 2
Book Questions
100
A written descripttionn of the business and its operations with an analysis of the opportunities and risks it faces
What is a business plan
100
what is the plan called that business come up with
What is business plan
100
What kind of business are most suited to the proprietorship of business
What are car dealers
100
an organization or economic system where goods and services are exchanged for one another or for money.
What is a business
200
those to whom money is owed
What are creditors
200
What are two common legal forms of business ownership
What are partnership and sole proprietorship
200
Under what type of situations is a limited partnership useful
What is when a investor does not have the time or intrest to actively participate in its management
200
money paid to the government for owning something
what are taxes
300
indicates that partners are responible for their share of the business debts
What is unlimited financial liability
300
what are two major advantages of proprietorship
What are owner is boss and owner recieves all profits
300
Why is it neccesary for proprietorships and partnerships to register their company names with local authority
What is so people will know who is responsible for the business
300
the _____ of a business runs the business
what is a owner
400
the owner-manager of a business
What is a proprietor
400
List two major disadvanteges ofproprietorships
What are owner may lack funds and owner bears all losses
400
What types of people enjoy the responsabilities of business ownership
What is freedom and independence
400
a group of people that share power in a business
what is partnership
500
a business owned and managed by one person
What is sole proprietorship
500
How will a good business plan help someone succesfully opwn a new business
What is writting down goals and acheivements help boost confidence
500
What are two of the five elements of a business plan
what are goals and objectives, marketing plan,nature of the business, financial plan, organixational plan
M
e
n
u