1. Ch. 7-8 Test is FRIDAY (Warm-ups due Friday)
ECONOMICS: March 7
Warm-up: Describe the liability of sole proprietors, general partners, limited partners, and corporate shareholders
Economics Learning Target #1 In order to understand business organizations, I will analyze the role of corporations. I will know I have it when I can: (1) describe the legal status of a corporation; and (2) list and explain the advantages and disadvantages of corporations especially in terms of: (a) owner and operator liability; (b) ability to raise money; and (c) taxation. Corporations (see HO from earlier) --double taxation  Economics Learning Target #2
In order to discover alternative ways to own a business, I will analyze how a fran- chise operates. I will know I have it when I can explain the advantages and disadvan- tages of running a franchise.
How a Franchise Works (5:27) Assignment: Ch. 7-8 Test Review (HO)
Ch. 7-8 Test is FRIDAY (Warm-ups due Friday)
Subway is owned and operated by a franchisor, Doctor's Associates. The company doesn't own a single location, but collects 8% of revenue from each franchise.