1.01-1.02 Principles, Purposes, and Types of Business

Match it! Select the correct answer from the pull down...Good luck!

How is a corporation different from a sole proprietorship or partnership?

Collecting money from customers, paying taxes, and processing payroll checks are which type of function?

What is the difference between wants and needs?

What do wants and needs have in common?

The Gap, Dell, IBM, are all classified as which type of business? (They make money)

When comparing the four main types of business organizations, which type protects investors the MOST from personal financial liability due to being sued by a customer? (Think about stocks)

Goodwill industries helps poor and homeless people with the money raised by selling donated products in their stores. Goodwill is classified as what kind of business?

Ensuring that the organization meets goals, and working with employees to accomplish organizational goals are both classified as which type of function?