1. Give three examples of operating company formed as: sole proprietorship, partnership and corporation. Explain how you decided on categorizing them.
2. List a few imported products that you purchase on regular basis. Do you have mixed feelings when you purchase products manufactured in a foreign country? How do your decisions affect the net exports?
3. Is family a household? Is your household a family?
1. Give three examples of operating company formed as: sole proprietorship, partnership and corporation.
Explain how you decided on categorizing them.
This is a form of business organization where there is only one owner. The sole owner has full control/authority of its own and owns all the assets, as well as personally answers all liabilities or losses. (http://jlp-law.com/blog/forms-of-business-sole-proprietorship-partnership-corporation/)
Cake selling delivery
Or any other business as long as it is owned and managed by a single person.
A form of business where there are two or more owners. A partnership consists of two or more persons who bind themselves to contribute money or industry to a common fund, with the intention of dividing the profits among themselves. ...
This solution discusses and identified examples of the forms of business organization-- sole proprietorship, partnership and corporation. A categorized examples are included.
Included also are discussions on the effects of imported products to the countries net exports.
Another discussion was the differentiation of a family and a household.