• Save
8 Business Organizations
Upcoming SlideShare
Loading in...5
×

Like this? Share it with your network

Share
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Be the first to comment
No Downloads

Views

Total Views
669
On Slideshare
660
From Embeds
9
Number of Embeds
2

Actions

Shares
Downloads
0
Comments
0
Likes
1

Embeds 9

http://mrrogerswebsite.weebly.com 8
http://www.weebly.com 1

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
    No notes for slide

Transcript

  • 1. OBJECTIVE: ANALYZE THE STRUCTURE OF COMMON BUSINESS MODELS FOUND IN A FREE MARKET SYSTEM Business Organizations
  • 2. Entrepreneur
    • Is a person who owns a business
    • Owning a business involves a large risk
    • Most businesses fail within three years
    • Small Business Administration- is a federal agency design to help you start your business
  • 3. Elements of Business Operation
    • Expenses- new equipment, wages, insurance, taxes, electricity, telephone, and inventory
    • Advertising- you need to get the word out your in business
    • Record Keeping- Paperwork, receipts, invoices, tax forms,
    • Risk- Every business risks failure, you must measure the risk against the reward
  • 4. Sole Proprietorships
    • Is the most common in the U.S.
    • This type of business is run by one person
    • They get all the money and the risk
    • Biggest disadvantage is that the proprietor has unlimited liability
  • 5. Partnerships
    • Is run by two or more people
    • They share equally in the business
    • One in ten businesses in the U.S. are Partnerships
    • If the business borrows money all owners share the debt
    • Biggest disadvantage, has unlimited liability
  • 6. Other Types of Partnerships
    • Limited Partnership- Is when one person makes all the decisions and the other has no say and only invests in the business
    • Investor’s liability is limited to what is invested
    • Joint Venture- A partnership set up for a short time and with a specific purpose
  • 7. Corporations
    • Corporations are own by stockholders
    • Stockholders buy into the company by purchasing stock
    • Stockholders do not run the business
    • By law corporations are treated like a person
    • Your risk is limited to the money you invest
    • Two in ten businesses are corporations
  • 8. Corporations
    • To raise money corporations sell stocks
    • Common stock- gives investors part ownership and voting rights
    • Preferred Stock- do not have voting rights but is guaranteed a certain amount of dividend each year
    • A board of directors- is responsible for supervising and controlling the corporation
  • 9. Franchises
    • A franchise is a contract in which the franchiser sells to another business the right to use its name and sell its products
  • 10. Review
    • What is a Entrepreneur?
    • Ans. Is a person who owns or starts a business
    • What is a Sole Proprietorships?
    • Ans. Is a business run by one person
    • Name all the different types of partnerships?
    • Ans. Partnership, Limited Partnership, and Joint Venture
    • Who is Adam Smith?
    • Ans. wrote a book called “Wealth of Nations
    • Self Interest is also called what?
    • The invisible hand