What is sole proprietorship in business?
What are the advantages and disadvantages of a partnership?
What is a business organization in which at least two individuals share the management, profit, and liability?
What is limited liability business?
What is a C corporation?
What does unlimited mean in business?
What is a nonprofit corporation?
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Principles of accounting chapter 7 Flashcards | Quizlet
Study with Quizlet and memorize flashcards containing terms like T/F there are only two basic types of businesses: Service businesses in manufacturing businesses., A company that provides services, such as bookkeeping company, is a type of business called a __________________ Business., A type of company that purchases goods for resale is called a and more.
Business Chapter 5 test Flashcards | Quizlet
name of the business, names/addresses of all partners, purpose/nature of the business, location of offices/where business conducted, date partnership will start/how long will last, contributions made by each partner, management responsibilities, duties of each partner, salaries/drawing accounts of each partner, provisions for sharing profits, provision for accounting, requirements for new ...
Types of Businesses | Other Quiz - Quizizz
Q. Disadvantages for this type of business include: owner pays for everything, hard to get money to start from the bank, owner might lack skills & unlimited liability.
Which type of business is owned by stockholders? - Answers
What type of corporations are owned by stockholders? All corporations are owned by stockholders. Every corporation is required to issue stock.
A food truck is an example of which kind of distribution channel?
A food truck is an example of kind of distribution channel are Street vendors.Therefore, option (d) is correct.What is food? The term “food” means it is an eatable and consumable item to provide nutrition and vitamins to maintain the organism.The consumption of food usually involves plants, the human body, birds, and animals.Nutrient-rich foods like fruits, vegetables, pulses, and dairy ...
Alex repairs cars and always needs mufflers. What kind of person does ...
If Alex is someone who repairs cars and always needs mufflers, a subcontractor would need to constantly supply him with mufflers.Therefore, the option B holds true.. What is the significance of a subcontractor? A subcontractor can be referred to or considered as a person who is responsible for looking after the contract of others, and also completing the contracted tasks with them.
What is sole proprietorship in business?
sole proprietorship. business ownership in which a single individual owns the business, collects all profit from it, and has unlimited liability for its debt. sole proprietorship advantages. -least expensive. -business income and costs are reported on the owner's personal tax return. - sole decision maker.
What are the advantages and disadvantages of a partnership?
partnership advantages. - similar to a sole proprietorship in terms of taxes. - can rely on the entrepreneurialship of more than one person. - easier to borrow money. partnership disadvantages. - unlimited liability in a general partnership. - profit is split.
What is a business organization in which at least two individuals share the management, profit, and liability?
business organization in which at least two individuals share the management, profit, and liability. general partnership. all partners have unlimited liability. limited partnership. at least one partner has limited liability the other partners have no say in the company's day-to-day operations but are merely investors.
What is limited liability business?
type of business ownership in which the business itself is considered a "person" under the law, and limited liability is granted to the business owners
What is a C corporation?
C corporations. a corporation that is taxed as entities by the federal government. corporation advantages. - shareholders have limited liability. - can end ownership by selling their shares. - life span of corporation not tied to life span of owners. - can raise money easily. corporation disadvantages.
What does unlimited mean in business?
unlimited means that the owner is personally responsible for the debts of the company using their own money and possessions.
What is a nonprofit corporation?
nonprofit corporation. operates not to provide profit for its shareholders but to serve the good of society. uses profit to further their mission, exist through donations to raise money rather than selling shares of ownership. cooperative. a business controlled, owned, and operated for the mutual benefit of its members.
What is sole proprietorship in business?
sole proprietorship. business ownership in which a single individual owns the business, collects all profit from it, and has unlimited liability for its debt. sole proprietorship advantages. -least expensive. -business income and costs are reported on the owner's personal tax return. - sole decision maker.
What are the advantages and disadvantages of a partnership?
partnership advantages. - similar to a sole proprietorship in terms of taxes. - can rely on the entrepreneurialship of more than one person. - easier to borrow money. partnership disadvantages. - unlimited liability in a general partnership. - profit is split.
What is a business organization in which at least two individuals share the management, profit, and liability?
business organization in which at least two individuals share the management, profit, and liability. general partnership. all partners have unlimited liability. limited partnership. at least one partner has limited liability the other partners have no say in the company's day-to-day operations but are merely investors.
What is limited liability business?
type of business ownership in which the business itself is considered a "person" under the law, and limited liability is granted to the business owners
What is a C corporation?
C corporations. a corporation that is taxed as entities by the federal government. corporation advantages. - shareholders have limited liability. - can end ownership by selling their shares. - life span of corporation not tied to life span of owners. - can raise money easily. corporation disadvantages.
What does unlimited mean in business?
unlimited means that the owner is personally responsible for the debts of the company using their own money and possessions.
What is a nonprofit corporation?
nonprofit corporation. operates not to provide profit for its shareholders but to serve the good of society. uses profit to further their mission, exist through donations to raise money rather than selling shares of ownership. cooperative. a business controlled, owned, and operated for the mutual benefit of its members.