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8.30 SSEMI1a Business Organizations Learning Task

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Last updated over 3 years ago
4 questions
Required
25
Required
25
Required
25
Required
25
Question 1
1.

SOLE PROPRIETORSHIP - Advantages & Disadvantages

  • Easy to form
  • Unlimited liability
  • Difficult to raise funds
  • Control over decisions
  • Advantages
  • Disadvantages
Question 2
2.

Partnership - Advantages & Disadvantages

  • Potential for conflict
  • Unlimited liability
  • Shared losses
  • Specialized skills
  • Advantages
  • Disadvantages
Question 3
3.

Corporation - Advantages & Disadvantages

  • Limited Liability
  • Double taxation
  • Easier to raise funds
  • More regulations
  • Advantages
  • Disadvantages
Question 4
4.

Business Organization Key Term Practice

Draggable itemarrow_right_altCorresponding Item
unlimited liability
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firms legally owned by only one person.
stocks
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firms legally owned by two or more people
limited liability
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firms legally owned by stockholders
partnership
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portion of a firm's profits that are distributed to shareholders
dividend
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shares of a company that can be purchased or sold on an exchange
sole proprietorship
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owner(s) is responsible for firm's debts
corporation
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responsibility for business debts are restricted to the shares of stock