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cornell_notes_company_types.doc | |
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File Type: | doc |
OBJECTIVE: STUDENTS WILL
• Identify and describe the terms: company, partnership, and corporation.
• Explain the characteristics, advantages and disadvantages of various types of companies.
• Explain how companies are formed.
• Describe the benefits of forming a business to manufacture and sell a product.
• Explain the characteristics, advantages and disadvantages of various types of companies.
• Explain how companies are formed.
• Describe the benefits of forming a business to manufacture and sell a product.
Lesson: WHAT IS A COMPANY?
Turn and Talk with a neighbor and define what a company is. Take both your ideas and write a definition.
VOCABLARY
Corporation:Entrepreneur:Partnership:Private Corporation:Public Corporation:Sole Proprietor |
A company legally separate from stockholders who own it and the managers who run it.
A person who organizes, operates, and assumes the risk for a business venture.
A company owned and managed by two or more people who share its profits or losses. A partnership is not separate from its owners, who are liable for the company’s debts.
A corporation that doesn’t sell shares to the public. You cannot buy shares of a private company in the stock market.
The stock of a public company is owned and traded by individuals and institutional investors. In contrast, the stock is held by company founders, employees, and sometimes venture capitalists.
A company owned and run by one individual who receives its profits or bears its losses. A proprietorship is not separate from its owner, who is liable for the company debts
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Activity 1:
Click the image below and read the document. Use the form under the picture to answer all the questions from the document.
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