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Published byTracy Simon Modified over 9 years ago
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Miss Smith 7 th grade Civics *pgs. 460-464
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A _____ ________ owned by one person ProsCons You’re your own ____ You decide the business _____ You take all the _______ Must have or ______ $$ to get a building/office space/equipment Must have $$ to pay ________ Responsible for _____ Risk failure and ____
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A ________ in which two or more people share the ______________, costs, _______, and _______
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A type of _________ that is recognized as a separate _____ entity from the people who ___ it A _________ organization (unlike _______________ and partnerships)
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Raising Money Selling _____ (or ______ of ownership) The people who ____ corporate stocks are ___________ _________ are stockholders’ share of the profits
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Rights to Operate Certain ____ must be followed to ___________ a business Incorporation allows a company to sell ______
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Elected Directors Corporations must have ________ where stockholders can: Elect a board of _________ Voice their ________ on how the company is ___________ The board of directors represents the _____________ when making _________ about the ________
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Choosing __________ This is done by the board of _______ Debt Responsibility If it goes out of _________, to pay off _____, property will be ____
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Organizations that provide _____ and ________ without seeking to earn a ______ for stockholders Ex: _________, research associations, educational _________
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