Types of Businesses

What is the most important thing one need in order to start or expand their business?

The board of directors of a corporation are responsible for personnel and production.

The most influential and most complex form of business organization is a

Partnerships make-up 10% of businesses and generate what % of sales?

What is a common advantage for sole proprietorships and partnerships?

What grants the legal authorization to organize a business as a corporation?

A corporation always makes money (profit)

Which is NOT one of the 4 factors of production?

Sole proprietorships generate 75% of all U.S. business sales.

Which 2 are always the same?

Corporations make-up 15% of businesses and generate what % of sales?

The legal obligation to pay any debt of a business.

A person who is a corporate inventor is called

Who has the most control over publicly traded corporations?

Dividend checks are one way to make $ on stocks.

The CEO is

Profit in the long run is what attracts competitors and substitutes to a particular market.