Chapter 5
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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| Owned and managed by one person | show 🗑
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| show | partnership
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| A legal entity with authority to act and have liability apart from its owners | show 🗑
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| Ease to start and end a business ability to become your own boss pride of ownership tax advantages retention of company profit | show 🗑
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| the responsibility of owners for all of the debts of the business- the risk | show 🗑
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| show | disadvantages of sole proprietorships
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| A partnership in which all owners share in operating the business and in assuming liability for business's debts | show 🗑
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| a partnership with one or more general partners and one or more limited partners | show 🗑
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| show | general partner
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| show | limited partner
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| the responsibility of a business's owners for losses only up to the amount they invest; limited partners and shareholders | show 🗑
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| show | master limited partnership MLP
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| show | Limited liability partnership LLP
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| more financial resources shared management more skills and knowledge longer survival tax advantages | show 🗑
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| unlimited liability division of profits disagreements among partners difficulty of termination | show 🗑
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| show | Conventional (C) corporation
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| show | S corporation
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| show | qualifications of S corporations
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| similar to S corporations but without requirements | show 🗑
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| show | advantages of corporations
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| show | disadvantages of corporations
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| show | merger
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| show | vertical merger
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| show | horizontal merger
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| show | conglomerate merger
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| show | acquisitions
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| an attempt by employees, management, or a group of investors to buy out the stockholders in a company by borrowing the necessary funds | show 🗑
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| show | franchise agreement
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| One who sells their idea/product/service | show 🗑
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| selling the name or product or service | show 🗑
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| show | franchisee
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| show | advantages of a franchise
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| show | disadvantages of franchises
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| show | cooperatives
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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.
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.
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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Created by:
kellyderbes
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