A type of business owned by a group of people who share profits and losses.
What is a partnership?
100
Directing workers to perform tasks correctly and on time.
What is leading?
100
The types of courses Julie took in college to prepare her to start her sole proprietorship.
What are business courses?
100
Consumers become members of these types of business to buy items less expensively.
What is a consumer's cooperative?
100
Profits that a shareholder receives.
What is a dividend?
200
A person who owns stock in a corporation.
What is a shareholder (or stockholder)?
200
An organization chart is often a result of this management function.
What is organizing?
200
The partner responsible for keeping track of accounting records at Sports Abundant.
Who is Andy Davidson (last name optional)?
200
Person (or group) who agrees to sell someone else's product or service in a prescribed manner, over a certain period of time, and in a specified territory.
Who is the franchisee?
200
The parent company granting a franchise.
What is the franchisor?
300
If you own this type of business and it fails, you are responsible to pay back all debt.
What is a sole proprietorship?
300
Rewarding business employees for a job well done.
What is staffing?
300
When Julie and Andy dissolved their partnership, it was worth this amount.
What is $180,000?
300
These types of non-profit corporations provide services such as police, fire, and garbage pick-up to their community members.
What is a municipality (or municipal corporation)?
300
Written permission granted from the state for a company to operate as a corporation.
What is certificate of incorporation?
400
The written document that details how a partnership will operate.
What is articles of partnership?
400
Setting goals and making decisions about all phases of the business.
What is planning?
400
The number of shares Julie owns in J & A Sports and Recreation, Inc.
What is 12,000?
400
A specialized form of business that usually requires a large investment of capital to start.
What is a franchise?
400
The managment function of determining what work has to be done and who is to do each job.
What is organizing?
500
Individuals elected by a corporation to make major business decisions for the company.
What is board of directors?
500
Determining if business goals were accomplished.
What is controlling?
500
The name and position of the person in charge of sales and marketing of products at J & A Sports and Recreation, Inc.
Who is Vice President, Jo Rabinski?
500
The way a municipality generates revenue.
What are taxes?
500
A business that operates as a legal entity with an existence and life separate from its owners.