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HSB LAP BL 001 Business Ownership Vocab Activity Quia Form

HSB LAP BL 001 Business Ownership Vocab Activity Quia Form

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in this module we will survey the different forms of business ownership and consider the major factors that affect how a business is organized a business is a legally recognized organization designed to provide goods and/or services to consumers most businesses are privately owned and are formed to earn profit that will increase the wealth of its owners and grow the business itself the owners and operators of a business have as one of their main objectives the receipt or generation of a financial return in exchange for work and acceptance of risk there are several common forms of business ownership sole proprietorship or sole trading partnership company cooperative a sole proprietorship is a business owned by one person a sole trader the owner may operate on his or her own or may employ others there is no legal distinction between the owner and the business the sole proprietor has unlimited personal liability the debts incurred by the business as well as for liabilities created by empl

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Hsb lap bl 001 business ownership vocab activity quia qui
Government choice between making military goods or consumer goods
Products produced for personal consumption
productive acts that are useful, scarce, and transferable and which satisfy economic wants
Tangible objects that can be manufactured or produced for resale
Consumer goods and services purchased quickly and without much thought or effort

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