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Econ- 8.1-8.2

sections 8.1-8.2

QuestionAnswer
What is a Sole Proprietorship? A business owned and managed by a single individual.
Are the three things needed for a sole proprietorship a...? Site permit, Authorization, and name
Most sole proprietorships make? a) $25,000 b) $36,000 c) $52,0000 d) $1,000,000
What is liability? The legally bound obligation to pay debts.
What does LLP stand for? Limited Liability Partnerships
An advantage of a general proprietorship is the ease of starting it, true or false True
What does UPA stand for? Uniform Partnership Act
What is a zoning law? Law in a city that designates seperate areas for residency and for business.
Fringe Benefits are? Payment other than wages or salaries.
Created by: 10mahnkee
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