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| 1 | |
Name five advantages of a sole proprietorship. |
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| 2 | |
List two different types of partnerships and describe each. |
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| 3 | |
Differentiate among the different types of corporations. Can you supply an example of each type? |
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| 4 | |
Would you rather own preferred stock or common stock? Why? |
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| 5 | |
Contrast how profits are distributed in sole proprietorships, partnerships, and corporations. |
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| 6 | |
Which form of business organization has the least government regulation? Which has the most? |
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| 7 | |
Compare the liability of the owners of partnerships, sole proprietorships, and corporations. |
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| 8 | |
Why would secrecy in operating a business be important to an owner? What form of organization would be most appropriate for a business requiring great secrecy? |
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| 9 | |
Which form of business requires the most specialization of skills? Which requires the least? Why? |
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| 10 | |
The most common example of a cooperative is a farm co-op. Explain the reasons for this and the benefits that result for members of cooperatives. |
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