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Economic Resources 2 Flashcards | StudBud
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Economic Resources 2
Economic Resources 2
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StudBud Administration
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4 Resources 3 types of Business Ownerships
Flashcards
10 cards
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Questions
10
Answers
1
Two or more owners who share the risks and the profits.
Proprietorship
Corporation
Partnership
2
What type of business?
Partnership
Corporation
Proprietorship
3
What type of business?
Partnership
Proprietorship
Corporation
4
Authorized by law to act as a legal person. Many owners who share the profits.
Partnership
Proprietorship
Corporation
5
One owner who takes all the risks and all of the profits.
Proprietorship
Corporation
Partnership
6
What type of resource is this?
Natural
Capital
Human
Entrepreneurship
7
What type of resource is this?
Entrepreneurship
Capital
Human
Natural
8
What type of resource is this?
Capital
Natural
Entrepreneurship
Human
9
What type of business?
Partnership
Proprietorship
Corporation
10
One person who is the owner, takes all the risks, runs the business the way he wants to.
Factory Worker
Human Resource
Governor
Entrepreneur
