Business Ownership Activity Sheet 564722
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Name: Business Ownership Unit Types of Business Ownership Activity Sheet Directions: Fill in the table below to describe the characteristics of each type of business. Type Ownership Start-Up Cost Taxes Sole Proprietorship
Partnership
Corporation
Type
Liability
Responsibility for Decisions
General Pros & Cons
Sole Proprietorship
Partnership
Corporation
Key to Know: 1. corporation 2. franchise 3. intermediaries 4. limited liability 5. manufacturers 6. nonprofit 7. service 8. partnership 9. processors 10. producer 11. retailer 12. sole proprietorship 13. stock 14. unlimited liability 15. wholesaler
Match them up – Create a list of the Business Places underneath the correct type of business on the back of this sheet.
Business Place Oil Refinery Auto Dealership Bakery Law Firm Book Store Paper Mill Logging Company Wal-Mart Hospital Computer Factory
Type of Business Producer Processor Manufacturer Intermediary Service
Partnership
Corporation
Type
Liability
Responsibility for Decisions
General Pros & Cons
Sole Proprietorship
Partnership
Corporation
Key to Know: 1. corporation 2. franchise 3. intermediaries 4. limited liability 5. manufacturers 6. nonprofit 7. service 8. partnership 9. processors 10. producer 11. retailer 12. sole proprietorship 13. stock 14. unlimited liability 15. wholesaler
Match them up – Create a list of the Business Places underneath the correct type of business on the back of this sheet.
Business Place Oil Refinery Auto Dealership Bakery Law Firm Book Store Paper Mill Logging Company Wal-Mart Hospital Computer Factory
Type of Business Producer Processor Manufacturer Intermediary Service
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