1) What is a corporation? a) A business with 2 or more individuals who own it b) A legal entity separate from its shareholders that exists in its own right c) A business that makes licenses for another business to use its name, designs, operation procedures etc. d) A business that is owned by only 1 person 2) What are some advantages of a Corporation? a) Brand recognition b) limited liability c) Source of capital d) Buying power (discounts on materials needed for business) e) Perpectual life f) lower failure rate 3) What are the disadvantages of a corporation a) Liabilities b) Less operation control c) The owner owns eveything d) independent mangement  e) More taxes 4) What are some examples of Corporations a) Mc Donalds b) Best Buy c) Gay lee (dairy products) d) Go pro and Red Bull e) Toyota f) Johnson & Johnson

Leaderboard

Visual style

Options

Switch template

Continue editing: ?