Chapter 8 questions due next week (November 9)

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

Week of October 15, 2018 Business Interview-

Economics interview project

Entrepreneurs are the backbone of American Capitalism.

Interview a entrepreneur/sole proprietor/ or a business manager.

Presentations due week of October 29, 2018

Only Requirement: DO NOT ASK WHAT THE PERSON EARNS/YEAR

PowerPoint / visual needed for presentation

Speak to an Entrepreneur,  Sole Proprietor, partner, or manager of a business

Name of subject interviewed

Name of establishment and how long it existed

How long has the person worked at the establishment?

Story behind the start up or the person getting involved in establishment

Type of investment in business-

      Physical and human capital, natural

      Fixed costs

      Variable costs

Target audience, how do they reach their customer? (advertisement…)

How do they expand their market share?

Seasonal and cyclical nature of business?

Any indicators of  the business cycle changing?

Employee expectations?

How do local, state or federal regulations impact business?

What type role can government play in helping your business?

What types of sacrifices had to be made to make a successful business?

What are the benefits of owning or managing a business?

Words of wisdom to someone looking to enter the field?