Today: What is a Company? How and Why do Companies Form and Function?

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Today: What is a Company? How and Why do Companies Form and Function? 2/17/17 - Are you wearing your ID? BR – What do Martha Stewart, Donald Trump, and Bill Gates all have in common? What is a company? Today: What is a Company? How and Why do Companies Form and Function?

Today (actually) Finish 6 Traits of Market Economy Work the “Prices Up, Prices Down” Review Circular Flow Complete “The Market Economy”

What’s Due? 5 Bellringers Mr. Smith Work Rules for Improving Financial Life Poster With exit slip! “Millionaire Game” True/False

Vocabulary Journal Company – A business association that is formed to manufacture goods or services for profit Corporation – a company legally separate from stockholders who own it and the managers who run it. Entrepreneur – a person who organizes, operates, and assumes the risk for a business venture

Vocabulary Journal Partnership – a company owned and managed by two or more people who share the company’s profits or losses. A partnership is not separate from its owners who are liable (responsible) for the company’s debts. Private Corporation – a corporation that does not sell shares to the public (Nationwide)

Vocabulary Journal Public Corporation – stock in this corporation can be traded by the public (Nike) Sole Proprietorship – a company owned and run by one individual. The individual gets all the profits (or losses) and is responsible for the company debt.

What to do Get Activity Sheet for your team. List the companies and fill out the Researching a Company SMG Journal – 2/17/16 What companies is your team thinking about investing in? Why?