Business Organizations

Items of value are called

• stuff

• assets

• property

• junk

Common stocks are

• shares of a corporation

• issued by a company

• stocks with voting rights

• all of the above

The supply of what a business owns is

• stocks

• inventory

• goods

• risk

A business with one owner is

• partnership

• corporation

• sole proprietorship

• franchise

In this type of liability, the owner assumes all risk

• unlimited

• selective

• universal

• limited

A portion of profit paid to shareholders

• franchise

• dividend

• receipts

• assets

A person who organizes, manages and assumes the risk of a business

• capitalist

• dividend

• entrepreneur

• industrialist

An item available for sale is

• asset

• good

• service

• risk

A corporation is

• a business with many owners

• a business that is run like it is an individual

• stocks are issued to raise capital

• all of the above

An action that satisfies a person's wants or needs is called a

• service

• good

• risk

• asset