Show:
True/False
Multiple Choice
Phil and da' Blanks
Phil Part Duex
Matching
100
A non-profit must pay taxes
What is false
100
Partnership
What is a business owned by two of more persons who share the risk and reward
100
75% of all businesses in the U.S. are organized as
What is sole proprietorship
100
That stuff you sell to raise capital(money)for a business
What is stock
100
Business that moves moves products between businesses or between businesses and the public
What is intermediary
200
A sole proprietorship is owned by many people
What is false
200
Cooperative
What is a business owned and operated by people of similar interest and needs (this question is a little different on the test)
200
What do you call a license to drive a corporation
What is corporate charter
200
You agree to terms with McDonald's to sell their products and services. You have started a _________________
What is a franchise
200
Another name for a distributor is
What is a wholesaler
300
As your business expands you can change the form of ownership
What is true
300
Corporate charter
What is a license to run a corportaion
300
A disadvantage of a sole proprietorship is that the owner has ________________________, or full responsibility of the company's debts
What is unlimited liability
300
Miners, drillers, farmers, and others who gather raw products are
What is producer
300
If you cut grass or groom a dog, you are performing a
What is service
400
If you own more that half the stock of your corporation, you get to keep all of the profits
What is false (you still have to share with the other owners)
400
Board of Directors
What is the group that controls a corporation
400
The contract that outlines the rights and responsibilities in a partnership is called
What is partnership agreement
400
These people make finished products out of processed goods.
What is manufacturers.
400
Major advantage of a corporation
What is limited liability
500
Stockholders own the corporation
What is true
500
Give me an example of a non-profit
What is American Red Cross, Boy Scouts, PBS, Girl Scouts
500
A business that is owned by many, but under law is treated as one person.
What is corporation
500
People who sell products directly to consumers (target, walmart, speedway) are called
What is retailers
500
Changes raw products into more finished products
What is producer