Business ownerships
a business owned and operated by one individual uses what kind of business ownership
Sole Proprietorship?
A general partnership
What is a partnership where the company is split equally?
Legal Entity
Law which allows a group of people to conduct business as a single unit, for example a group ownership, is the definition for what term?
What are loans?
amounts of money borrowed which will accumulate interest?
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How common are partnerships
The least common?
what is a mentor
someone who has business experience and will aid in guiding a company to success?
What is a patent?
grants of intellectual property rights to the inventor?
What is the most common business ownership
Sole Proprietorship?
What are the 2 types of partnerships
General and Limited?
what are protections provided to authors of original work
Copyrights?
what is a franchisee
A person or persons who pay fees to a company to operate a business under the franchisor’s trade name?
Name all 4 types of business ownership
Sole Proprietorship, Partnership, Corporation, Franchise?
Name 2 advantages to a partnership
Each partner has a voice, Easy to start up, etc?
What is a capital?
wealth in the form of money or property; used in a business by a person, partnership or corporation, is the definition to what term?
What are Angel Investors?
who are wealthy individuals who seek high returns through private investments?