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Business Structures
Game Code: 1914092
15
Public
Business Structures
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oliviaholsclaw
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Business Structure where there is one owner.
Sole Proprietorship
Corporation
Partnership
Franchise
15
Business Structure where the owners are called stockholders or shareholders.
Partnership
Corporation
Sole Proprietorship
Franchise
15
Business Structure to start a new business without the risks of going out on their own.
Sole Proprietorship
Corporation
Partnership
Franchise
15
Business Structure with joint ownership of the business by 2 or more people.
Partnership
Franchise
Corporation
Sole Proprietorship
15
The simplest business structure to start where the owner receives all the profits.
Corporation
Sole Proprietorship
Franchise
Partnership
15
Business Structure where one owner is responsible for the business debts of other owner (s).
Partnership
Franchise
Sole Proprietorship
Corporation
15
Business Structure where shareholders are not personally responsible debts and obligations.
Franchise
Sole Proprietorship
Partnership
Corporation
15
Double taxation is a disadvantage of this Business Structure.
Partnership
Sole Proprietorship
Corporation
Franchise
15
LLC stands for
Limited Liability and Control
Little Local Company
Limited Liability Corporation
Limited Liability Cormpany
15
Business Structure that operates under the banner of an already established business is called
Sole Proprietorship
Franchise
Corporation
Partnership
15
The biggest disadvantage for this Business Structure is costs-initial buy in, support, training
Corporation
Sole Proprietorship
Franchise
Partnership
15
Investors more willing to invest in Business Structure with established customers and suppliers
Partnership
Corporation
Franchise
Sole Proprietorship
15
This person will expect a cut of the profit of a franchise, you pay for using their name.
Franchise
Franchisor
Franchisee
Partner
15
In a sole proprietorship, who is responsible for ALL the debts of the business?
Debtors
Bank
Owner
Creditors
15
Person who organizes and manages any business structure with considerable initiative and risk
Entrepreneur
Finance Manager
Human Resource Manager
Risk Manager
15
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