A business that ceases to exist if the owner dies, retires, or leaves the business.
Limited life
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15
What do we call an authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities, e.g., providing a broadcasting service or acting as an agent for a company's products
franchise
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15
partial ownership in a company
stock
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15
McDonald is an example of a
franchise
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15
What do we call a user- owned and controlled business from which benefits are derived and distributed equita- bly on the basis of use or as a business owned and controlled by the people who use its services
cooperative
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15
steel manufacturing, oil, railroads, tire manufacturing, grocery store chains, and wireless carriers are examples of
oligopolies
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15
What is a monopoly?
a situation where there is a single seller in the market
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15
What does Unlimited liability mean?
owner is personally liable for the debts and expenses of the business
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15
What is an oligopoly?
a market characterized by a small number of firms who realize they are interdependent in their pricing and output policies
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lifesaver
Give 5 points!
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star
Double points!
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shark
Other team loses 25 points!
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baam
Lose 25 points!
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15
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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lifesaver
Give 20 points!
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magnet
Take 10 points!
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gift
Win 15 points!
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baam
Lose 15 points!
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15
Chick-Fil-A is an example of this kind of business
Franchise
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thief
Give points!
5
10
15
20
25
gift
Win 10 points!
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rocket
Go to first place!
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baam
Lose 10 points!
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15
law firms, physician groups, real estate investment firms and accounting groups are examples of
partnerships
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15
Freedom & Control is an advantage of this kind of business