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Forms of Ownership
Accounting
Management Styles and CSR
Types of Businesses
Marketing
100
This type of ownership can be purchased by a sole proprietorship, partnership or corporation.
What is a franchise?
100

Any business activity involving money is recorded as this.

What is a transaction?

100

This type of leader takes control of the situation. 

What is an autocratic leader?

100

 A business owned by one person

What is sole proprietorship?

100

These are the 4 Ps and 2 Cs of marketing. 

What is product, price, place, promotion, consumer and competition?

200
This form of ownership is a legal person in the eyes of the law.
What is a corporation?
200

This is something that has value and is owned by a person.

What is an asset?

200

This type of leader leaves employees alone to do their job. 

What is a laissez-faire leader?

200

Lawyers are generally-speaking in this type of business. 

What is limited-liability partnership?

200

This is a word or group of words that a business uses to distinguish its products from competitors' products.

What is brand name?

300
In this form of ownership there is only one owner and this person is entitled to all profits and responsible for all liabilities.
What is a sole proprietorship?
300

This is the balance sheet equation.

What is assets = liabilities + OE?
300

This type of leader provides opportunities for employees to contribute to the decision making process. 

What is a democratic leader?

300

A business operated by the provincial or federal government. 

What is a crown corporation?

300

During this stage of the product life cycle, marketers make very important brand-management decisions.

What is decision point?

400
In this form of ownership profits and losses are shared according to the percentages laid out in the agreement.
What is a partnership?
400

This is the Income Statement equation.

What is revenue - expenses = Net Income or loss?

400

This is a document that explains specifically how employees should respond to in different situations. 

What is a code of ethics?

400
This is the process of turning something old, new again.
What is gentrification?
400

An organization that produces or sells goods or services to satisfy the needs, wants, and demands of consumers for the purpose of making a profit.

What is early adopters?

500
This form of ownership if owned by the people, or members, who buy the products or use the services that the business offers.
What is a cooperative?
500

These are the two income statement equations for a RETAIL business. 

What is revenue - costs of goods sold = gross profit and gross profit - expenses = net income/loss

500

Name one autocratic leader and one democratic leader. 

Different answers. 

500
This is a series of 4 phases that contains toughs, recoveries peaks, and recessions.
What is the business cycle?
500

This type of marketing information is collected by others.

What is secondary data?