1. Ch. 7-8 Test is Thursday (warm-ups due on day of test)
ECONOMICS: March 5
Warm-up
Compare the liability of sole proprietors, general partners, limited partners, and corporate shareholders 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 yesterday) --raising money by: selling bonds; LIMITED LIABILITY ; double taxation 
Corporate Liability (9:57)
--Business Organizations Quiz (may use sole proprietorships, partner ships, and corporations graphic organizers)
Learning Target #2
In order to discover alternative ways to own a business, I will analyze how a franchise 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 from yesterday)
Ch. 7-8 Test is Thursday (warm-ups due on day of test)
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.