owner is personally liable for the debts and expenses of the business
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15
What is a dividend?
a sum of money paid regularly (typically quarterly) by a company to its shareholders out of its profits
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15
What is an oligopoly?
a market characterized by a small number of firms who realize they are interdependent in their pricing and output policies
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What is a partnership?
a form of business where two or more people share ownership, as well as the responsibility for managing the company and the income or losses the business genera
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What do we call an authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities, e.g., providing a broadcasting service or acting as an agent for a company's products
franchise
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15
70% of all businesses in the US
Sole proprietorship
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This is a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.
corporation
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Freedom & Control is an advantage of this kind of business
sole proprietorship
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trap
No points!
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shark
Other team loses 25 points!
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gift
Win 20 points!
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lifesaver
Give 20 points!
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Chick-Fil-A is an example of this kind of business
Franchise
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lifesaver
Give 10 points!
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gift
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fairy
Take points!
5
10
15
20
25
banana
Go to last place!
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Walmart is an example of what type of business
Corporation
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What do we call a user- owned and controlled business from which benefits are derived and distributed equita- bly on the basis of use or as a business owned and controlled by the people who use its services
cooperative
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heart
Other team wins 25 points!
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seesaw
Swap points!
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gift
Win 20 points!
Okay!
banana
Go to last place!
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15
What is a monopoly?
a situation where there is a single seller in the market