Types of Business

Jimbo set up a greasy pizza shop right beside a high school to take advantage of the unhealthy eating habits of teens. What type of ownership is this?

• Partnership

• Sole Proprietorship

• Cooperative

• Corporation

This is an example of a non-profit business.

• Midtown Ford

• Thai Express

• Sunova Credit Union

• Canadian Cancer Society

Any type of business that uses components parts, or raw materials to make finished goods.

• Merchandising

• Manufacturing

• Web-based

• Service

Big Frank works at a lumber yard in which creates 2 by 4s for homes construction. What type of business does he work for?

• Manufacturing

• Non-profit

• Merchandising

• Service

Fast Eddie decided to create a store @ KP selling firecrackers to teens. What type of business would this be?

• Web-based

• Service

• Merchandising

• Corporation

Owen MacLean's cool uncle David gave him some money to invest into a publicly traded company in hopes he would strike it rich. Greedy David would then take all the money from him. Owen would have invested in what type of business?

• Cooperative

• Sole Proprietorship

• Corporation

• Non-Profit

Mr. MacLean got really excited one day when he got his mail. In it he saw a cheque from Co-op giving him some money back. He got this back because Co-op is at:

• Web-based

• Corporation

• Partnership

• Cooperative

Someone who owns their own business:

• receives all of the profit

• splits it with a partner

• gives some of the profit to the shareholders

• does not receive any profit

This type of business is pretty much like a human being.

• Web-based

• Corporation

• Franchise

• Cooperative

Slick Stan wants to bring a company that makes AI dogs to the RM of Springfield. What type of business is this?

• Franchise

• Non-profit

• Partnership

• Manufacturing