Business Ownership
This is the most common form of business ownership in the United States.
What is a sole proprietorship?
The monetary reward a business owner receives for taking the risk involved in investing in a business.
What is profit?
Owners of corporations are known as these.
What are shareholders or stockholders?
Money left after the cost of goods is subtracted from the total income.
What is gross profit?
A corporation is governed by this group.
A corporation is governed by this group.
Money left after the cost of goods and operating expenses are subtracted from the total income.
What is net profit?
In this structure, two or more people share profits and losses.
What is a partnership?
Which external factor includes unexpected events that might prevent sales, or conversely, help sales?
What is chance?
This type of corporation is exempt from federal income tax.
What is a nonprofit corporation?
Besides financial gain, what can profit provide business owners with, related to owning their own businesses and serving their communities?
What is satisfaction?