Ch. 7-8 Test is Friday; (warm-ups due Friday)

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Ch. 7-8 Test is Friday; (warm-ups due Friday) ECONOMICS: October 18 Warm-up: Please copy the top and bottom pie chart from p. 213. Why do you think sole proprietorships compose the largest number of business organizations, yet have the smallest percentage of profits? Economics Learning Target In order to understand business organizations, I will analyze the different types of business organizations. I will know I have it when I can list and explain the advantages and disadvantages of sole proprietorships, partnerships, and corporations especially in terms of: (1) ease of formation; (2) owner and operator liability; (3) ability to raise money;(4) ability to make money; and (5) taxation. See HO from earlier --sole proprietorships: review of liability --partnerships -definition; general vs. limited; advantages; disadvantages -liability issues See New HO from today --corporations (new HO) -definition; structure; advantages; disadvantages Assignment: --read Ch. 8, Sect. 1 --work on Ch. 7-8 Test Review (HO) Ch. 7-8 Test is Friday; (warm-ups due Friday)