Sole proprietorships - Study guides, Class notes & Summaries

MIE 201 Exam 2: Chapters 4, 5, 8 Makanui NCSU Latest Update Graded A+ 3 types of business ownership - sole propreitorship - partnership - corporation sole proprietorships - businesses owned by one individual - the most common form of business organization in the United States - easiest and least expensive form of business to start - ex: tutoring/bookkeeping/landscaping etc... sole proprietorship advantages - simplicity - single layer of taxation - taxed at individual rates - pri...

MIE 201 Midterm 2 – Makanui Latest Update Graded A+ 3 types of business ownership - sole propreitorship - partnership - corporation sole proprietorships - businesses owned by one individual - the most common form of business organization in the United States - easiest and least expensive form of business to start - ex: tutoring/bookkeeping/landscaping etc... sole proprietorship advantages - simplicity - single layer of taxation - privacy - flexibility and control - persona...

CHAPTER 1 SOLUTIONS TO END OF CHAPTER MATERIAL QUESTIONS 1. The three general types of business are typically categorized as follows: service, manufacturing and merchandising. Service example: Manufacturing example: Merchandising example: airline company, e.g. Southwest steel manufacturing company, e.g. US Steel wholesaler company, e.g. Costco 2. The three common forms of business organizations are sole proprietorships, partnerships and corporations. The major differenc...

THE BUSINESS MANAGEMENT + ADMINISTRATION CAREER CLUSTER EXAM DECA WITH COMPLETE SOLUTIONSTHE BUSINESS MANAGEMENT + ADMINISTRATION CAREER CLUSTER EXAM DECA WITH COMPLETE SOLUTIONSTHE BUSINESS MANAGEMENT + ADMINISTRATION CAREER CLUSTER EXAM DECA WITH COMPLETE SOLUTIONS Limited liability is a characteristic of what form of business ownership? A. Sole proprietorship B. Joint proprietorship C. Partnership D. Corporation - ANSWER-D Corporation. Stockholders in corporations have limited liabi...

Business, Law, & Project Management Questions and Answers Already Passed What are the 7 elements of a business plan 1. Cover Page 2. Executive Summary 3. Company Summary 4. Products and Services 5. Market Analysis 6. Marketing Strategy 7. Financial Plan What is the cover page element of the business plan? Includes contact information and a confidentiality statement What is the executive summary element of the business plan? Includes highlights of the plan and gains the interest ...

Sole Proprietorship ️ a business owned and managed by a single individual Simplest form to set up unlimited Liability Partnerships ️ Business organizations in which two or more persons share responsibilities, costs, profits, and losses. C Corporations ️ Corporations that have no restrictions on who owns their shares or the number of shareholders; they cannot qualify for subchapter S tax treatment and are subject to direct taxation S corporation ️ A unique government creati...

TEST BANK FOR COLLEGE ACCOUNTING A PRACTICAL APPROACH 14TH CANADIAN EDITION JEFFREY SLATER, DEBRA GOO-1) Which of the following professional accounting designations has been replaced by "CPA"? A) CA B) CMA C) CGA D) All of the above Answer: D Diff: 1 Type: MC Objective: 1-1 2) The type of business organization that can continue indefinitely is known as a A) sole proprietorship. B) partnership. C) corporation. D) None of the above. Answer: C Diff: 1 Type: MC Objective: 1-1 3...

MIE 201 Exam 2: Chapters 4, 5, 8 Makanui NCSU 3 types of business ownership - correct answer - sole proprietorship - partnership - corporation sole proprietorships - correct answer - businesses owned by one individual - the most common form of business organization in the United States - easiest and least expensive form of business to start - ex: tutoring/bookkeeping/landscaping etc... sole proprietorship advantages - correct answer - simplicity - single layer of taxation - taxed at...

3 types of business ownership : - sole propreitorship - partnership - corporation sole proprietorships : - businesses owned by one individual - the most common form of business organization in the United States - easiest and least expensive form of business to start - ex: tutoring/bookkeeping/landscaping etc... sole proprietorship advantages : - simplicity 2 - single layer of taxation - taxed at individual rates - privacy - flexibility and control - personal satisfaction - fewer ...

3 types of business ownership - - sole propreitorship - partnership - corporation sole proprietorships - - businesses owned by one individual - the most common form of business organization in the United States - easiest and least expensive form of business to start - ex: tutoring/bookkeeping/landscaping etc...