Types of Business

Question 1

A business owned and operated 1 person

Answer 1

Sole Trader.

Question 2

i aint reading..

Answer 2

all that…

Question 5

eheheh

Question 10

Shareholders are limited to the value of their shares for any business debts. No personal assets Can be sold

Answer 10

Company

Question 11

suffers all losses.

Answer 11

Sole Trader

Question 12

Limited Liability. Shareholders.

Answer 12

Company.

Question 13

Higher Profits. Reduced Risk of Failure. Market Expertise. Recognition.

Answer 13

Franchise Advantages.

Question 14

establish reputation, products or services and store layout, advertising and marketing support, Franchisor Provides training.

Answer 14

Franchise Advantages lol

Question 15

Franchisor controls decisions and operations, Paying Ongoing Fees to the franchisor, profit must be shared with franchisor

Answer 15

Franchise Disadvantages.

Question 16

A business which has at least 5 members with shared management and equal voting rights, it is a separate legal entity

Answer 16

Cooperative

Question 17

Limited Liabillity members are limited to the value of their investment for business debts

Answer 17

Cooperative

Question 18

inexpensive to register, equal voting rights, Limited Liabillity, No minimum age limit of members

Answer 18

Cooperative Advantages

Question 19

Minimum of 5 Shareholders needed, Little to no profit distributed to members, only one vote each member, ongoing education for members

Answer 19

Cooperative disadvantages