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 7 years ago
Lim Sei Kee @ 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
McGraw-Hill/Irwin © 2003 The McGraw-Hill Companies, Inc. All rights reserved.
8-1: Sole Proprietorship
8-3: Corporations, Mergers, and Multinationals
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.
3.06 Classify the Forms of Business Ownership
1 Starting and Managing a Small Business In Missouri.
Copyright © 2008 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin 0 Chapter 1 Introduction to Financial Management.
Law for Business Mr. Bernstein Business Organizations, pp and December 2-4, 2014.
Ch 7: Type of Business Ownership
The Governments role in the Free Enterprise System.
Companies 101 James Hoffmann. Companies A company is a business or association formed to manufacture or supply products or services for profit. A company.
Types of Business Ownership
Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE1 Forms of Business Ownership Goals Understand the three major forms of business ownership.
Mr. Duggan/ Economics BUSINESS AND LABOR. SOLE PROPRIETORSHIPS Is a business owned and managed by a single individual.
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.
Characteristics of Business Dr. T. Mitchell Bonneville High School Idaho Falls, Idaho.
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.
Forms of Business Organizations. Essential Question Why do American’s start their own businesses? Desire for Independence Desire for Money Desire for.
© 2021 SlidePlayer.com Inc. All rights reserved.