Intro-Ownership & Business Unit Review

• Professional (service)
• Informational (service)
• Business (service)
• Promotional (service)

• Professional (service)
• Informational (service)
• Business (service)
• Promotional (service)

• Professional (service)
• Informational (service)
• Business (service)
• Promotional (service)

The majority of businesses are this type of this business ownership but generate the least amount of sales.

• Proprietorship
• Partnership
• Corporation
• Franchise

The major policy and financial decision makers of a corporation are determined by the...

• CEO/GM/President
• Chairman of the Board
• Shareholders
• Board of Directors

This type of document must be filed with the government when forming a business with multiple partners who are all responsible for all of the actions of the business.

• Proprietary Annulment
• Partnership Agreement
• Articles of Incorporation
• Corporate Bylaws

The most important role of a business is to...

• employ people.
• purchase products.
• pay taxes.
• produce and distribute products needed by the ultimate consumers.

This is the easiest form of business to start and end.

• Proprietorship
• Partnership
• Corporation
• Franchise

This is a way to expand a business using the investments of others while maintaining control over the name, product quality, and operating procedures. 

• Proprietorship
• Partnership
• Corporation
• Franchise

All income is taxed as a part of personal income.

• Proprietorship
• Partnership
• Corporation
• Franchise