What is the least number of individuals/people needed to form a partnership?
100
Microsoft, Apple, Target, Walmart,
What is an example of a Corporation?
100
Subway, Five Guys, Chick Fil A
What is an example of a Franchise?
100
...........a social science that studies how people and nations buy, sell, produce, and consume in a world where there is scarcity
What is Economics?
200
5%
What is the % that SP account for all business sales?
200
A individual who owns/controls 40% of a partnership?
What is a limited partner?
200
........is a form of business organization recognized by law as a separate legal entity having all rights of an individual.
What is a corporation?
200
...........A Temporary business investment that involves renting or leasing another firms business model.
What is a Franchise?
200
...........TINSTAAFL..........
What is There is no such thing a free lunch?
300
Be your own boss
What is a benefit of owning an SP?
300
This document creates a partnership
What are the Articles of Partnership?
300
Document granted by state or national government approving the corporation.
What is charter?
300
..........gets nationwide network with high quality products and national advertising........
What is are some advantages of a Franchise?
300
refers to all natural resources not created by human labor.
What is land?
400
Difficult is raising financial capital....
What is a weakness of a SP?
400
Easy to establish
What is a benefit?
400
A payment to shareholders/investor if the corporation is profitable?
What is a dividend?
400
Substantial start up costs and fees for terminating the business early......
What is a disadvantage of a Franchise?
400
.............is the tools, equipment, and factories used in the production of goods and services.
or
......- a bulldozer, the factory that built the bulldozer, a cash register in a store.
What is Capital?
500
Fully responsible for other partners
What is weakness?
500
Easy to raise financing, easy to borrow money, Corporation may last forever..............
What is a benefit of a corporation?
500
$1.1-2.3 Million Dollars
What is amount needed to open a McDonald's Franchise?
500
.............is the cost of what you give up when one choice is made over another............