Chapter+8+HW

1. A business organization is an establishment formed to carry on commercial enterprise. 2. What is sole proprietorship is a business owned and managed by a single individual. 3. Business license and zoning laws have a role in sole proprietorship because they set the rules for the people. 4. A sole proprietorship has liabilities like no one to blame but yourself, and ideas. 5. Because in sole proprietorship usually the people working for them have closer relationships than regualr so they are able to pay them in different ways like vacation etc..
 * 8.1 read and take notes on pgs. 185 -188...answer questions #1-7 **


 * 8.2 read and take notes answer questions #1-8 on pg. 193 **

1. The characteristics of partnerships are responsibility and liability. 2. They all have different expectations and characteristics. 3. Articles of partnerships states the legal rights and responsibilities. 4. The uniform partnership act is a uniform state law adopted by most states to establish rules for partnerships. 5. They might find limited partnerships unattracted because in that type of field more ownership is usually wanted. 6. I think they equal out because the bad is always followed by good. 7. I will resolve this issue by splitting it down the middle and working to make it better rather than waste time.

1. What is a corporation? A corporation is a legal entity, each of whom faces limited liability for the firms debts. 2. What is a stock? a certificate of ownership in a corporation. 3. What is a closely held corporation? A corporation that issues stock to only a few people, often family members. 4. What is a corporation called that sells stock on the open market? A publicly held corporation. 5. What is a bond? A formal contract to repay borrowed money with interests as fixed intervals. 6. Who is the president of The United States of America? BarackObama 7. Name 3 monopolies, Coca Cola, Verizon, McDs 8. What are some risks an entreprenuer takes? Spending money, risk=reward 9. What is liability? The legally bound obligation to pay debts. 10. Name 2 benefits of running a business from home? Flexible hours, Home comfort 11. What is a business license? An authorization from the local government. 12. Who invented YAHOO? Jerry Yang 13. What is a large corporation? Wal Mart 14. What is a government agency? DMV 15. Whats a dividend? The portion of corporate profits paid out to stockholders.
 * Read 8.3 pg 195-200 and take notes... **
 * A corporation is a legal entity, each of whom faces limited liability for the firms debts.
 * stock is a certificate of ownership in a corporation.
 * A corporation that issues stock to only a few people, often family members is a closely held corporation.
 * A publicly held corporation sells stock on the open market.
 * A bond is a formal contract to repay borrowed money with interest as fixed intervals.
 * Horizontal mergers join two or more firms competing in the same market with the same good or service.
 * Design a 15 question quiz on sections 8.1-8.3' **

1. A business franchise works by a semi independent business that pays fees to a parent company. 2. Royalties- share of earnings as payment. 3. Cooperative is a business organization owned and operated by a group of individuals for their shared benefit. 4. They all differ because they each have their own category to help. 5. A nonprofit organization operates not for the purpose to generate money. 6. To promote the association or organization.
 * Take notes on pgs. 201-204...Answer Questions #1-6 on pg. 204 **
 * ** Cooperative is a business organization owned and operated by a group of individuals for their shared benefit. **
 * ** A nonprofit organization operates not for the purpose to generate money. **