Sole proprietorship
Business owned and managed by one person
What is a sole proprietor
Three types of partnerships
What are general, limited, and limited liability
Legal entity owned by individual stockholders
Three types of corporate mergers
What are horizontal, vertical, and conglomerates
An establishment formed to carry on commercial enterprise
What is a Company
Most common partnership
General
Certificate of ownership in a corporation
What is a Stock
Merger of 2 or more firms competing in the same market with same good or service
What is horizontal merger
Permission to use a building for a company
What is a site permit
No one can be liable for the actions of other partners
What is limited liability partnership
Most complex form of business organization
What are Corporations
Merger of 2 or more forms involved in different stages of producing same good
What is a vertical merger
Sole proprietorships must be held personally ____ for any debts or issues
What is responsible/liable
Limited partnerships need at least ___ general partner(s)
What is one
Closely held corporations typically give stocks to
What are family members
MNC help ___ living standards in poorer countries
What is increase