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15
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What does Unlimited liability mean?
owner is personally liable for the debts and expenses of the business
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baam
Lose 20 points!
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gold
Win 50 points!
Okay!
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shark
Other team loses 15 points!
Okay!
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banana
Go to last place!
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15
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This is a disadvantage of starting a business
Limited Funds
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baam
Lose 25 points!
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fairy
Take points!
5
10
15
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25
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gift
Win 25 points!
Okay!
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baam
Lose 15 points!
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15
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70% of all businesses in the US
Sole proprietorship
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Chick-Fil-A is an example of this kind of business
Franchise
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This is a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.
corporation
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What is a dividend?
a sum of money paid regularly (typically quarterly) by a company to its shareholders out of its profits
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Walmart is an example of what type of business
Corporation
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A business that ceases to exist if the owner dies, retires, or leaves the business.
Limited life
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15
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law firms, physician groups, real estate investment firms and accounting groups are examples of
partnerships
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What is a monopoly?
a situation where there is a single seller in the market
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This is someone who owns an unincorporated business by himself or herself.
Sole Proprietorship
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banana
Go to last place!
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rocket
Go to first place!
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rocket
Go to first place!
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baam
Lose 20 points!
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steel manufacturing, oil, railroads, tire manufacturing, grocery store chains, and wireless carriers are examples of
oligopolies
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15
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Amazon is an example of a
corporation
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