Sole proprietorship
What is a sole proprietorship?
A business owned and managed by a single individual
What are the 3 types of partnerships?
True or False:
These are the most chaotic business organizations
False
What are the 3 corporate mergers ?
Horizontal, vertical and conglomerates
True or False:
You can run the business how you want to and not have to report it
True
What’s a partnership agreement ?
Legal document of rights/ responsibilities and outlines of sharing profits and losses
How many shares of stocks but 1 share ?
1000
Disney is an example of...?
Conglomerates
What laws affect residents and businesses
Zoning laws
More partners= what?
More assets
What do they have to pay to engage in business ?
Taxes
Which merger contains 2 or more firms competing in the same market?
Horizontal
If you decide to stop the company, what do you need to pay after ?
Debts, taxes and prior obligations
What are the 2 separate roles ?
General partner and contributing partner
What are financial markets called ?
Stock exchanges
Is spreading new technology and productions methods across the globe an advantage or disadvantage?
Advantage
What is liability?
Legally bound obligation to pay debts
True or False: all partners are not limited to partner in an LLP
False
Advantage or disadvantage:
Limited liability for owners are non transferable ownership
Advantage
True or False: MNC’s produce & sell productivity & money spending
False