PBF Unit 2 Terms
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Two or more persons to carry on as co-owners of a business for a profit. | Partnership
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| Each stock equals one _______ at the shareholder meeting. | Vote
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| Type of liability in which you can lose all your assets. | Unlimited
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| Partnership formed by the way two or more people conduct their business (4 words). | By proof of exsistence
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| Entity with the legal authority to act as a single person. | Corporation
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| Grants permission to sells its products and services as a business. | Franchise
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| Business owned by one person (two words). Sole proprietorship Partnership formed after they agree to conditions in a contract (two words). | By agreement
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| Type of corporation that benefits the public and receives a tax break. | Nonprofit
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| Abbreviation for a partnership with limited liability. | LLP
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| Partner has no role, but is known to public | Silent
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| Type of taxation on a corporation. | Double
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| Type of liability in which you only lose your initial investment in the company. | Limited
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| Partner plays no role and is not known to public. | Dormant
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| __________ of incorporation. | Articles
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| Partner has an active role, unlimited liability. | General
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| Formed by a group to gain bargaining power. | Cooperative
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| __________venture is a special project for a limited time. | Joint
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| Top Management | Compant executives
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| Supervisors | First level of managment
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| Mixed | Tactical and Stratigic style
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| Planning | Analyzing of info, setting goals, and making decisions
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| Controlling | Determines to what extent the business is accomplishing goals
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| Tactical | Directed and controlling style of management
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| Implementing | Directing and leading people
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| Stategic | Employees that help with decision making
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| Staffing | Obtaining, training, and compensating employees
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| Mid-Management | Specialists in a specific area of the business
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
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Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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