We think you have liked this presentation. If you wish to download it, please recommend it to your friends in any social system. Share buttons are a little bit lower. Thank you!
Presentation is loading. Please wait.
Published byMoses Gooden
Modified over 2 years ago
Lim Sei cK
1. An enterprise that produces goods or services usually in order to make a profit
2. A business organization owned and controlled by one person
3. A situation where a business closes if the owner dies, retires or leaves for some other reason
4. It means that a business owner is responsible for all the business' losses and debts
5. Business co owned by two or more people who agree on how responsibilities, profits and losses of that business are divided
6. Partners share management of the business and each one is liable for all business debts and losses
7. One in which at least one partner is not involved in the day-to-day running of business and is liable only for the funds he or she has invested
8. A business owned by stock holders who own the rights to the company's profits but face limited liability for the company's debts and losses
9. A part of a corporation's profit that is paid out to stockholders
10. This business organization issues stock that can be publicly traded
11. This business organization controls who can buy and sell its stock
12. A business owner's liability for debts and losses of the business is limited
13. A corporation continued to exist even after an owner dies, leaves the business, or transfers his/her ownership
14. A business operated for the shared benefit of the owners, who are also its customers
15. A business that aims to benefit society not to make a profit
-easy to open or close -few regulations -freedom and control -owner keeps profits
- limited funds - limited life - unlimited liability
- easy to open and close - few regulations - access to resources - joint decision making - specialization
- unlimited liability - potential for conflict - limited life
- access to resources - professional managers - limited liability - unlimited life
- start-up cost and effort - heavy regulation - double taxation - loss of control
Consider: What American business do you think tops Fortune 500’s list of US companies in 2014? The Last Word: Ch 7 Review/Unit 3 Test next Tuesday.
8-1: SOLE PROPRIETORSHIP PPT Notes. Business Organization Definition: enterprise that produces goods or provides services in order to make a profit.
CHAPTER 8 – TYPES OF BUSINESS ORGANIZATIONS. SECTION 1 – SOLE PROPRIETORSHIPS Characteristics of Sole Proprietorships (single person owned business)
Do Now 1)What is one disadvantage of a sole proprietorship? 2) What other alternative might you have?
BUSINESS ORGANIZATIONS. Business Organizations An enterprise that produces goods or provides services in order to make a profit A business can be organized.
Sole Proprietorships A business that is owned and managed by a single person. The most common type of business in the US. (70% of American businesses)
Characteristics of Business Dr. T. Mitchell Bonneville High School Idaho Falls, Idaho.
Chapter 8 Section 1 & 2. Key Concept Most producers are business organizations, commercial, or industrial enterprise Why it matters? Vary in Size.
Lim Sei cK. A sole proprietorship is a business entity owned by one person who is legally responsible for the debts and taxes of the business.
Business Structures How can businesses be legally organized?
Mr. Duggan/ Economics BUSINESS AND LABOR. SOLE PROPRIETORSHIPS Is a business owned and managed by a single individual.
Chapter 8.1 notes Business Organization. Sole Proprietorship a business run by one person smallest type of business organization most numerous but least.
B. OVERVIEW OF SMALL BUSINESS 3.00 Explain the legal environment of small business Compare forms of business ownership. (The logos used in this PowerPoint.
3.06Classify the forms of business ownership. A sole proprietorship is… One owner 70% of all U.S. businesses Unlimited liability. The business owner.
Do Now 1)What is a corporation? 2) Why do you think corporations have so much power in our society?
3.06Classify the Forms of Business Ownership What do you know?
McGraw-Hill/Irwin © 2003 The McGraw-Hill Companies, Inc. All rights reserved.
To avoid disagreements on the division of profits, partnerships should have ___________. Partnership Agreement.
Types of Businesses Organizations Unit 7 Decision, Decisions.
Companies 101 James Hoffmann. Companies A company is a business or association formed to manufacture or supply products or services for profit. A company.
Civics & Economics Mr. Vivian. Sole Proprietorship A business owned and managed by a single individual According to the IRS 75% of all businesses in the.
SOLE PROPRIETORSHIP A Sole Proprietorship is the most common form of business. It’s owned and controlled by ONE person. It makes up 40% of all businesses.
Corporation: business owned by stockholders These shareholders have limited liability for the companys debts and losses They acquire ownership through.
Forms of Business Organization (sole proprietorship, partnership, and corporation)
Business Organizations ©2012, TESCCC. Objectives 1.Be able to list and describe the three types of business organizations. 2.Be able to explain the advantages.
The Governments role in the Free Enterprise System.
Sole Proprietorship A business owned and run by one person Makes up about 80% of all businesses.
Bell Work Objective: Objective: Explain the characteristics of the different types of businesses Explain the characteristics of the different types of.
Business Organizations Chapter 8. Types Sole Proprietorship A business owned and run by one person. Forming a Proprietorship only requires licenses and.
1 Starting and Managing a Small Business In Missouri.
Chapter 8 Types of Business Types of Business Organizations.
TYPES OF BUSINESS OWNERSHIP Sole Proprietorship Partnership Corporation Limited Liability Company.
Business is owned and run by one individual Nearly 76% of all businesses Owner receives all of its profits and bear all of its losses.
Alexander Sanchez-Reyes. Sole Proprietorship A sole proprietorship is a business entity owned and managed by one person. Advantages of sole proprietorships.
Owned and managed by a single individual IRS- 75% Generate 6% of US sales Name a few.
Law for Business Mr. Bernstein Business Organizations, pp and December 2-4, 2014.
Chapter 8 Business Organizations. What is a Business Organization? A business organization is an establishment formed to carry on commercial enterprise.
Copyright © 2008 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin 0 Chapter 1 Introduction to Financial Management.
BUSINESS ORGANIZATIONS Chapter Eight. SOLE PROPRIETORSHIPS Section One.
Sole Proprietor Business is owned and run by one individual Nearly 76% of all businesses Owner receives all of its profits and bear all of its losses.
Business Organizations Sole Proprietorships, Partnerships, and Corporations.
+ Introduction to corporate finance CH 1. + What is corporate finance? What is the role of the financial manager in the corporation? What is the goal.
Business Organizations. Entrepreneur A person who organizes, manages and assumes the risks of a business in order to gain profits.
> > > > Objective 3.01: Factors Influencing Entrepreneurship.
S OLE P ROPRIETORSHIP : ONE OWNER 75% of all businesses Owner has unlimited liability for all debts Income or loss will be reported on owner’s personal.
Business Know-how Housing and Interiors. Entrepreneur A person who assumes risk of starting and operating a business for the purpose of making a profit.
Chapter 8 Business Organizations. Advantages of Sole Proprietorships.
BUSINESS STRUCTURES. Types of Business Structures Sole Proprietor Partnership General Partnership Limited Partnership Limited Liability Partnership.
Chapter 1 Introduction to Corporate Finance Copyright © 2012 by McGraw-Hill Education. All rights reserved.
© 2017 SlidePlayer.com Inc. All rights reserved.