Forms of Business Ownership
A business owned and controlled by two or more people who have entered into an agreement.
What is a partnership?
A group of people who join to do some activity that benefits the public.
What is a nonprofit corporation?
Businesses that create the products and services used by individuals and other businesses.
What are producers?
What is raising capital?
The number of sides on a standard pencil.
What is 6?
It is owned by one or more shareholders and managed by a board of directors
What is a corporation?
A written contract granting permission to operate a business to sell products and services in a set way.
What is a franchise?
A producer that gets supplies from other producers and convert them into products.
What is a manufacturer?
Without this, event the best products and services would remain unsold.
What is Marketing?
The fable in which a boy sold a cow for beans.
What is Jack and the Beanstalk?
A business owned and run by just one person.
What is a Proprietorship?
A unique business organized by two or more other businesses to operate for a limited time and for a specific project.
What is a joint venture?
A producer that takes resources from nature for direct consumption or for use in developing other products.
What is an extractor?
Owners and managers need this to track performance and make decisions.
What are business records?
They won the 2018 Super Bowl and their mascot is a bird.
Who are the Philadelphia Eagles?
In this forms of business ownerships each owner is liable for all of the debts if the business should fail.
What is a partnership or proprietorship?
The company or person purchasing the rights to run the business.
Who is the franchisee?
A producer who cultivates land and uses other natural resources to grow crops and raise livestock for consumption.
What is a farmer?
New employees receive this, in order to perform their job correctly.
What is training?
In the MCU, this villain was responsible for the original formation of the Avengers.
Who is Loki?
A written legal document that defines ownership and operating procedures and conditions of the business.
What is the articles of incorporation?
The company that owns the product or service and grants the rights to another business.
Who is a franchiser?
Businesses involved in selling the goods and services of producers to consumers and other businesses.
What are Intermediaries?
The six basic activities completed by all businesses.
What are generating ideas, raising capital, employing and training personnel, buying goods and services, marketing goods and service and maintaining business records?
The first feature-length animated movie ever released.
What is Snow White and the Seven Dwarfs?