Marketing Management I EOPA
Flashcard
•
Life Skills
•
9th - 12th Grade
•
Practice Problem
•
Hard
Wayground Content
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37 questions
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1.
FLASHCARD QUESTION
Front
The most common form of business ownership in the United States is________.
Back
Sole Proprietorship
2.
FLASHCARD QUESTION
Front
Identify an advantage of a sole proprietorship.
Back
One owner who makes all of the business decisions
3.
FLASHCARD QUESTION
Front
Identify an advantage of a partnership.
Back
There are two or more owners, the partners share in the costs, decisions, and responsibility.
4.
FLASHCARD QUESTION
Front
Identify an advantage of a corporation.
Back
Money is easily raised by shareholders although most decisions are made by the board of directors.
5.
FLASHCARD QUESTION
Front
Identify an advantage of a limited liability corporation.
Back
Run like a partnership and a corporation limited the responsibility of the partners
6.
FLASHCARD QUESTION
Front
Identify an disadvantage of a limited liability corporation.
Back
May be difficult to raise money compared to a corporation.
7.
FLASHCARD QUESTION
Front
Identify an disadvantage of a corporation.
Back
Double taxation
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