Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
27 Cards in this Set
- Front
- Back
|
What is a sole proprietorship?
|
A business owned by one person only.
|
|
|
What are some advantages of a sole proprietorship?
|
Easy to start, make all decision and run as seen fit, keep all profits,etc.
|
|
|
What are some disadvantages of a sole proprietorship?
|
unlimited liability, debt, limited access to credit, might not have all skills, business ends when owner dies.
|
|
|
What is a partnership?
|
A business owned by two or more people who share its risks and rewards.
|
|
|
What is the common presentation in all bladder cancers?
Good or poor prognosis? Tx? |
PAINLESS HEMATURIA
Poor prognosis Treatments involve surgical resection & chemo/radiation if higher grade/stage |
|
|
What are some disadvantages of a partnership?
|
All partners share the business risks, if the partners do not get along, share liability,etc.
|
|
|
What is a corporation?
|
Company that is registered by a state and operates apart from its owners.
|
|
|
What are some advantages of a corporation?
|
limited liability, raise money by people buying stock, does not end if owner dies.
|
|
|
What are some disadvatages of a corporation?
|
taxes on their income, difficult, costly to start.
|
|
|
What are three other ways to organize a business?
|
Cooperative, nonprofit organization, and franchise.
|
|
|
What are some disadvantages of a partnership?
|
All partners share the business risks, if the partners do not get along, share liability,etc.
|
|
|
What are some disadvantages of a partnership?
|
All partners share the business risks, if the partners do not get along, share liability,etc.
|
|
|
What is a corporation?
|
Company that is registered by a state and operates apart from its owners.
|
|
|
What are some advantages of a corporation?
|
limited liability, raise money by people buying stock, does not end if owner dies.
|
|
|
What are some disadvatages of a corporation?
|
taxes on their income, difficult, costly to start.
|
|
|
What is a corporation?
|
Company that is registered by a state and operates apart from its owners.
|
|
|
What are some advantages of a corporation?
|
limited liability, raise money by people buying stock, does not end if owner dies.
|
|
|
What are three other ways to organize a business?
|
Cooperative, nonprofit organization, and franchise.
|
|
|
What are some disadvatages of a corporation?
|
taxes on their income, difficult, costly to start.
|
|
|
What are three other ways to organize a business?
|
Cooperative, nonprofit organization, and franchise.
|
|
|
What are producers?
|
A producer is a business that uses raw goods. Raw goods are gathered in their natural state.
|
|
|
What are processors?
|
A processor changes raw materials into a finished product. They are made from raw goods that need to be processed.
|
|
|
What are manufacturers?
|
A manufacturer makes finished products out of processed goods. They turn raw or processed goods into their final state. ex: cars, CDs, and computers.
|
|
|
What is an intermediary?
|
a business that moves goods from one business to another.
|
|
|
What is a wholesaler?
|
they distribute goods.
|
|
|
What is a retailer?
|
They purchas goods from a wholesaler and sell to consumers. Service stations, record stores, and auto dealers are examples.
|
|
|
What are the five main functions involved in operation of all types of businesses?
|
Production and procurement, marketing, management, finance, accounting.
|
