1. 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 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)