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Entrepreneurship Unit Review Flashcards | StudBud
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Entrepreneurship Unit Review
Entrepreneurship Unit Review
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Entrepreneurship Unit Review
Flashcards
9 cards
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Questions
9
Answers
1
Which is a DISADVANTAGE of a Partnership
Might have Disagreements
Share Expertise
Share Financial Burdens
Share Responsibilities
2
A business owned by two or more people who share the risks and responsibilities
Limited Liability
Sole-Proprietorship
Corporation
Partnership
3
A business that creates products
Merchandiser
Wholesaler
Retailer
Manufacturer
4
A business owned by one person
Limited Liability
Corporation
Partnership
Sole-Proprietorship
5
Who is an intermediary who purchases goods from a wholesaler and resells them to the consumer
Manufacturer
Retailer
Service Business
Producer
6
A contractual agreement to use the name and sell the goods or services of an existing company
Corporation
Limited Liability
Retailer
Franchise
7
Who is an intermediary who sells to retailers
Manufacturer
Merchandiser
Producer
Wholesaler
8
What is another name for shares of corporate ownership?
Stocks
Limited Liability
Corporation
Bonds
9
A business owned by several people and operated with written permission from the state
Corporation
Sole-Proprietorship
Partnership
Limited Liability
