3 Business Ownership Types

Front

The person who owns and operates a business is the...

Back

Owner

Front

What is Jane's role in her coffee shop business where she makes all the decisions, pays all the bills, and keeps all the profits?

Back

Owner

Front

A business that is owned by only one person is a...

Back

Sole Proprietorship

Front

What is the name of a person who owns part of a corporation?

Back

Shareholder

Front

Anyone who works for a business is a(n)

Back

Employee

Front

What is Robert's role at Jane's coffee shop?

Back

Employee

Front

Money earned by an employee based on the number of hours worked is called a...

Back

Wage

Front

You work at Chick-fil-A earning $8.25 per hour. Your weekly earnings are based solely on how many hours you work. This way of getting paid is called...

Back

A wage

Front

You just received your first paycheck from Chick-fil-A and want to make sure it is correct. You know you earn $8.25 per hour and you know you worked 21.5 hours last week. Which formula would you use to determine your pay? Options: Rate x hours = pay, Rate - hours = pay, Pay - rate = hours, Hours + Rate - Pay

Back

Rate x hours = pay

Front

A predetermined amount of money paid to an employee stated as a weekly or yearly amount is a...

Back

Salary