Forms of business organization answers
What are the common forms of businesses, and what structure ma…
Match the characteristics of the 3 major types of business ownership under the appropriate heading. Three answers can be used twice. Has limited life (2) Is complex to set up Has fewer skills to run business. Can sell stocks Can sell bonds Has unlimited liability (2) Must share profits (2) Has unlimited life Keeps all the profits
[DOC File]ECONOMICS CHAPTER 3 TEST
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The three legal forms of business organizations are: sole proprietorship, partnership, and corporation. Proprietorships are the most prevalent (72%). They are easy to start (relatively low cost), often don’t require a large customer base to be profitable, and provide maximum freedom for the proprietor to do what she/he thinks best.
[DOC File]TRUE/FALSE - Valencia College
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Describe your organization’s operating environments and your key relationships with residents, stakeholders, suppliers and partners. Within your response, include answers to the following questions: a. O. RGANIZATIONAL . E. NVIRONMENT . 1. What is the organization’s environment: urban, suburban, rural, etc.? 2.
[DOC File]Business Organizations: Midterm Examination
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a. form of business organization recognized by law as a separate legal entity having all the rights of an individual b. corporation that has manufacturing or service operations in a number of countries c. voluntary association that buys bulk amounts of goods on behalf of its members d. business owned and run by one person e. price paid for the ...
[DOC File]CHAPTER OVERVIEW
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71. There are differences among these forms of business organiza-tions, but all of them resemble corporations. For example, the joint stock company features ownership by shares of stock, management by directors and officers, and perpetual existence.
[DOC File]Name __________ ____________ Worksheet – Business ...
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Which form of business organization would be best? Client 5: I am 26 years old. I am an accomplished artist with a Bachelor of Fine Arts degree. My particular interests are the visual arts, visual effects, and sculpture. My 30-year-old brother has a degree in business and has been working with a major marketing firm for the past four years.
[DOCX File]Houston Independent School District / Houston ISD Homepage
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Answers to end-of chapter recommended questions. Chapter 1. 1-1. ... The four forms of business organization are sole proprietorships, partnerships, corporations, and limited liability corporations and partnerships. ... The business delivers its securities to savers, who in turn give the firm the money it …
[DOCX File]Solutions to End-of-Chapter Problems
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Distinguish each form of business organization. LLPs offer business owners the right to participate in business management, limited liability (for the negligence or malfeasance of other partners), and pass-through taxation. LLCs allow business owners the right to participate in management, limited liability for all debts and obligations of the ...
[DOCX File]Chapter 32
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5-4. Once a business is established, it's almost impossible to change from one form of business ownership to another. Answer: False LG: 1/LL: 1 Page: 142 . 5-5. A comparison of the three major forms of business ownership shows that sole proprietorships are usually the most difficult type of business …
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