CE.12c-d

Advantages of this business type are that the owner is their own boss and gets to keep all the profits. Options: Partnership, Sole Proprietorship, Corporation, Franchise

What is a major advantage of a business that is a partnership rather than a sole proprietorship? Options: The responsibility for the business is shared, The business is easy to set up, The partners are not responsible for business debts, The business is easy to sell

A form of business organization that is authorized by law to act as a legal entity regardless of the number of owners. Owners share the profits. Owner liability is limited to the amount of their investment.

What is a business owned and operated by two or more people? Options: Sole Proprietorship, Partnership, Corporation

Which of the following is NOT a business organization? Sole Proprietorship, Corporation, Perfect Competition, Partnership

Fresh Cutz and Diva Curls is a small, locally owned beauty salon in Hampton, owned by Joe Dirt. This represents what type of business?

What three entities make up the circular flow model?

What do businesses provide for consumers according to the circular flow model?

When WalMart pays income taxes, what two parts of the circular flow model are involved?

Businesses provide government with...