Duplicate of Types of Business Organizations

The franchisor is also known as the

Which business organization has limited financial resources?

This type of business means the owner (or owners) have unlimited liability.

Advantages of franchises include______.

Which is a disadvantage of a partnership?

This type of business is the simplest and easiest to start.

A corporation is a business that is______.

____ is a company that has facilities in a location other than its home country.

Stockholders can only lose what they have invested.

A ________owned by many people but treated by law as one person.

In this type of business, the owners do not have unlimited liability.

Document stating the major parts of a company (i.e. objectives, structure &planned operations).

This business type is closely regulated by the government.

A _____has facilities and other assets in at least one other country than its home country.

Which is an advantage of a corporation?

Owner is responsible for all company debts & can lose everything as a result of a bad decision.

_is owned by person who agrees to sell a company's product in a specific geographical area.

A legal, binding contract between the parent company and the person who wants to sell their products.

What is an advantage of a sole proprietorship?

Which is NOT a type of business organization?

Taco Bell, Subway, McDonald’s and Chick-Fil-A are examples of a ____________.

An individual who owns a share of stock in a corporation is a ___.

How many people do you need to start a partnership?

Which of the following is the most difficult to start?

What is a financial difficulty a person might face when starting a sole proprietorship?

The owner keeps all the profits in a ___.

A disadvantage of a sole proprietorship is ___.

Which is a major advantage of owning a franchise?

Contains the major components of a company such as its objectives, structure and its planned operations.

Which is one of the biggest disadvantages of a partnership?

IBM, Google and Nike are examples of _______.

Document establishing the terms of the arrangement between the parties involved.

Selling stock is a way to bring in money for this type of business.

Which is true about corporations?

Which has the most risks and rewards for the owner?

A business owned by one person is a ____.

A stockholder is______