| A | B |
|---|
| is a business organization that has incorporated in a STATE other than the one in which it does business | foreign corporation |
| how a franchise manages its advertising | the franchise corporation decides for all franchises |
| Once the application for a corporation is approved it becomes | the corporation's charter |
| two main types of corporation | private and public |
| the registration by which the county govenment officially reconizes that a new proprietorship or partnership exists | DBA |
| this type of business can be ANY of the forms of business ownership | franchise |
| form of business ownership is subject to the least taxation and government regulation | sole proprietorship |
| form of business organization can own assets and borrow money without directly involving the people who own it and, therefore, is closely regulated by the government | corporation |
| A business that is chartered by the state | corporation |
| method of entering business carries a high purchase price and high initial fees | corporation |
| At least one _ partner has unlimited liability in a limited partnership | general |
| The legal term describing the owner of a franchise business operation | franchisor |
| the registration by which a county government recognizes the existence of a new sole proprietorship or partnership | DBA |
| start-up costs are so high that the business does not provide enough income for the owners’ personal financial needs | restricted cash flow |
| good sources of research when making a decision to become an entrepreneur | family, friends, business people |
| have limited liability if corporation experiences loss | stock holders |
| award-winning online library of management information | Business Toolkit |
| a legal agreement to operate a business in the name of an established company | franchise |
| hybrid of a partnership and a corporation | LLC |
| a business that is owned and operated by one person | sole proprietorship |
| one of the owners of a corporation | stockholder |
| each partner liable for business debts up to the amount of his or her investment | limited partnership |
| an assessment of one’s personal qualities, abilities, and interests | self-evaluation |
| extends an individual’s financial responsibility for a company’s debts beyond amount of investment | unlimited liability |
| responsible for major decisions of a corporation | board |
| the chance of loss | risk |
