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Types of Business Organizations
Economics
Accounting
Business Terms
ALPFA
100
A business where there is only one owner and he/she keeps all profits.
What is a sole proprietorship?
100
The study of how wealth is created and distributed.
What is economics?
100
Property or items of value owned by a business.
What are assets?
100
People who own stock in a company.
What is a stockholder?
100
Location of the Light the Night Walk.
What are the Del Mar Fairgrounds?
200
An unincorporated business where two or more people share ownership but each member is only liable for his/her input in the business.
What is a limited liability partnership?
200
The study of decisions made by individuals and businesses.
What is micro economics?
200
Financial reports that summarize the financial condition and operations of a business.
What are financial statements?
200
A person, group, organization, or system who affects or can be affected by an organization's actions.
What is a stakeholder?
200
Location of the "Women of ALPFA" event.
What is the House of Blues?
300
Dividends given out by this type of business are taxed on two levels.
What is a corporation?
300
The study of the national economy and the global economy.
What is macro economics?
300
Something designed to collect, document, and report on financial transactions affecting the business.
What is an accounting system?
300
Unintended consequences that an economic transaction between two parties can have on some third party.
What are externalities?
300
The location of the 2012 ALPFA National Convention.
What is Las Vegas?
400
Liability is limited to the input of each shareholder of the business and can be treated as a partnership for tax purposes.
What is a Limited Liability Company (LLC)?
400
DAILY DOUBLE The way in which people deal with the creation and distribution of wealth.
What is the economy?
400
A method of allocating the cost of a tangible asset over its useful life.
What is depreciation?
400
A company's obligation to conduct its activities with the aim of achieving social, environmental, and economic development.
What is corporate social responsibility?
400
The number of officer positions within ALPFA.
What are 9?
500
A business in which profits flow through to the shareholders and the number of shareholders is limited to 100.
What is an S-Corporation?
500
A person who risks time, effort, and money to start and operate a business.
What is an entrepreneur?
500
The type of tax levied on the price of a good or service.
What is an indirect tax?
500
This occurs when a group of unethical companies agree among themselves to set the products' prices, independent of market demand or supply.
What is price fixing?