Types of businesses
Corporations
Building a business
franchise
Other
100

If all of the individuals who own a business share unlimited liability for the losses, they are a part of...

General Partnership

100

when a corporation is formed, the government considers it an...

Artificial Being

100

Wendy's sells the right to operate its restaurant. This is a...

Franchise 

100

Someone wants to run a business, but is unsure they have the skills to be successful, he might chose this...

Business-Format Franchise

100

Illegal organizations that emphasize high fees from product sellers

Pyramid Schemes

200

"I used all my savings and I'm personally liable for all the debts." This is an example of what business?

Sole Proprietorship 

200

A type of corporation that may be owned by a few people, not the general public

Private/close

200

Sam works out of his homes selling high quality knives. He earns a commission on his team's work.

Multi-level Marketing

200

Franchisee can choose the name of the business when selling another's product

Product trade-name

200

A person who has creative ability wishes to partner with a friend with selling expertise and another friend who manages well. They may start a...

Partnership

300

A company decides to sell stock to raise capitol. The would start a...

Corporation

300

Corporation that was developed to help small businesses by taxing them as individuals.

S corporation

300

Sports Club is the only company with written permission to use a logo on their t-shirts

Licensing Agreement

300

The local pizza shop is run inside the local supermarket. This is known as...

Piggyback Franchise

300

If all individuals who own a business share unlimited liability for the losses

General Partnership

400

Protects innocent partners from another's malpractice

Limited Liability Partnership (LLP)

400

Corporation that sells millions of shares and provides end of year reports.

C corporation

400

Short term agreement that works to the benefit of both companies

Joint Venture

400

Individual who helps franchises find franchisees

Master Licensee

400

Two individuals discuss owning a flower shop, but one just wants to fund the project, not do the day to day. they may form a...

Limited Partnership

500

Hybrid company that protects the owner's property from being taken

Limited Liability Company (LLC)

500

Company that has a mission to help society instead of gain capitol

Non-profit

500

What do business owners consider when they select a business ownership structure?

Personal circumstances, financial needs, and type of business

500

When a business owner pays money to use a franchise he pays a...

Royalty Fee

500

Hybrid structures refer to their owners as...

Members