Eco - Ch.8 Voc. Quiz

A business that is owned and operated by one person, where the owner is personally responsible for all debts and obligations.

• Partnership

• Corporation

• Sole proprietorship

• Franchise

A business owned by two or more individuals who share profits, responsibilities, and liabilities.

• Partnership

• Sole proprietorship

• Corporation

• Franchise

A partnership where all partners share equal responsibility and liability for the business.

• Sole proprietorship

• General partnership

• Limited partnership

• Corporation

A type of partnership where some partners have limited liability and limited involvement in the business.

• General partnership

• Sole proprietorship

• Limited partnership

• Corporation

A business entity recognized by law as separate from its owners, with rights and responsibilities like an individual.

• Sole proprietorship

• Partnership

• Corporation

• Franchise

A legal document that establishes a corporation, outlining its name, purpose, and governance.

• Charter

• Stockholders

• Common stock

• Franchise

Individuals or entities that own shares in a corporation.

• Stockholders

• Franchisors

• Venture capitalists

• Angel investors

A portion of a corporation's earnings distributed to shareholders.

• Depreciation

• Dividend

• Net income

• Principal

A type of stock that grants voting rights and represents ownership in a company.

• Preferred stock

• Common stock

• Principal

• Charter

A type of stock that typically doesn’t provide voting rights but has a fixed dividend.

• Common stock

• Preferred stock

• Venture capital

• Horizontal merger