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Economics- Chapter 7 Notes Outline

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					             Economics- Chapter 7 Notes Outline


Section 1
    sole proprietorship
    zoning law
    collateral
  1. What are the advantages of establishing a sole
     proprietorship?
  2. Why is a sole proprietorship the easiest type of
     business to establish?

Section 2
    general partnership
    limited partnership


  1. How does forming a partnership solve many of the
     problems that are associated with sole
     proprietorships?
  2. What are the advantages and disadvantages of
     organizing a partnership?

Section 3
    corporations
    board of directors
    stock
    shares
    dividends
    corporate bond
  1. How is a corporation formed? What are the
     characteristics of a corporation?
  2. How do stocks & bonds differ?

Section 4
    merger
    horizontal combinations
    vertical combinations
    conglomerate combination
    cooperatives
  1. Why might a business owner decide to open a
     franchise?
  2. What is the customer’s role in a cooperative?
  3. How does a nonprofit organization differ from other
     types of business organizations?

				
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Lingjuan Ma Lingjuan Ma
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