Chapter 8 Business Organizations

Section :  Sole Proprietorships 185-188)
Identify:  business organization,
sole proprietorship,
business license,
zoning law,
 liability,
fringe benefit
Look at figure 8:1 (p. 186) What are the top three characteristics of  an entrepreneur?
Look at figure 8:2 (p.
What are the benefits and disadvantages of sole proprietorships?

Read Jerry Yang profile (189) answer question 1.  Are there any changes since this book was published?

Section 2:  Partnerships (190-193)
Identify:  partnership
general partnership
limited partnership
Limited liability partnership (LLP)
articles of partnership
Uniform partnership act (UPA)
Assets  
 Look at 8:3 (191) What are the majority of the size of recipts and type of partnerships?
What is the point of the political cartoon on page 192?
Answer questions 5 and 6 on page 193.

Section 3:  Corporations, Mergers, and Multinationals (195-200)
Identify  corporation
stock
closely held corporation
publicly held corporation
bond
certificate of incorporation
dividend
horizontal merger
vertical merger
conglomerate
multinational corporation (MNC)
What are the advantages and disadvantages of corporations?
Answer questions 5,6,7 on page 200

Section 4: Other Organizations (201-204)
business franchise
royalty
cooperative
consumer cooperative
service cooperative
producer cooperative
nonprofit organization
professional organization
business association
trade association
Answer questions 7+8 on page 204

Economics classroom expectations

Grading Policy:
Homework 15%
Class work 25%
Exams/presentations  60%

My extra help day is Thursday, but I will be available for help almost every day after school, just let me know if you are coming and I will be in my room unless I have another meeting.

Bring a good attitude, a binder, and something to write with in class every day. I want you to be able to see how you think like an economist every day. 

If you think about it you incorporate marginal utility in all of the decisions you make.

Some of the other economic concepts the course will cover
  Microeconomics:
  Scarcity
  opportunity costs
  production possibilities curve
Traditional, Command, Market Economies
Supply and Demand
Elasticity of demand and elasticity of supply
Market Equilibrium and the role of prices
Perfect Competition, Monopoly, Oligopoly, and Monopolistic Competition
Regulation and deregulation of business
Labor  and business
Sole Proprietorships
Partnerships,
Corporations/Trusts
 
Macroeconomics
Fiscal Policy
Monetary Policy
Government safety nets and when should they be used
International trade, NAFTA, WTO