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Business Organization
Business Organization
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Key Terms in 1-1 Business Organization
Flashcards
9 cards
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Practice quiz
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Questions
9
Answers
1
The owners of a corporation are called....
CEOs
Shareholders
Partners
Corparateers
2
A business organization whose owners are called stockholders.
Sole Propietorship
Public Corporation
Corporation
Partnership
3
What is a business owned by one person?
Sole Proprietorship
Partnership
Corporation
Public Corporation
4
A business owner responsible for any losses is
said to be ....
A Limited Liability
Unlucky
A Public Corporation
Personally Liable
5
The money left after all expenses have been paid is called...
Profit
Shares of Stock
Capital
Extra
6
When owners cannot lose more than the value of his or her share in a business, this is called..
limited liability
a loss
limited responsibility
a profit
7
What is the money used to start or expand a business?
Capital
Public Corporation
Profit
Partnership
8
A business owned by a group of people who share the profits and are personally liable.
Corporation
Sole Proprietorship
Partnership
Public Corporation
9
A business where anyone can purchase stock...
Sole Proprietorship
Partnership
Public Corporation
Corporation
