Business+ownership++How+Sweet+It+Can+Be

1. IF you hold a bag of candy the lessons is that if you start your own business small it can become a big success and your business can grow. 2. If a business has liability it mean if something happens in their business and they are sued they have money that they can pay them. 3. A. Money is when they have money to get their business started. B. You borrow money to start your own business but then u owe it. C. You borrow money from the bank to start your own business. D.Stock is when you share ownership in a corporation with other people who have bought the stocks. E. Arrangments where or by means of which goods or services are exchanged. F. Credit UNions is the opportunity to borrow money or to receive goods or services. G. Insurance companies it guarantees if compensation for specified forms of loss, damage, injury or death, by buying insurance policies for which they pay premiums. 4. A. An amount that must be paid or spent to buy or obtain something. B. Payments earned by households for selling or renting their productive resources. C. A set amount an insured person must pay per loss before the insurance company will pay a claim. D. Sole propiership is whe you run the business by yourself with no partner to help you out. E. A business with two or more owners who share the firm's profit and losses. 5. A. Payments made by individuals and corporations to the federal government based on income received. B. A legal entity owned by shareholders whose liability for the firm's losses is limited to the value of the stock they own. C. The stockholders also pay personal income tax on any dividends they recieve. 6. Some of the differences are that it may be different from every one else whose applying for the job. 7. The negatives that I identified was that you have to deal with them as soon as possible. 8. I think that they are like that because they don't have anybody else to start it with. 9. The biggest disadvantages that i see is that you have to do it by yourself. 10. The advantages of setting up a limited versus general partnership is that u dont have to do everything by yourself. 11. The disadvantages are that he could rip you off. 12. The business may decide to incorporate when they are getting bigger. 13. The advantages of a privately held company is that its private. 14. The disadvantages is that its not public for more people to buy. 15. Diversification means that u manafacture it or refine it somewhere else. 16. A Byproduct means that its sort of like the product but not really. 17. Companies would want to buy other companies to make more money and get there products. 18. Starbucks, BK, Target, Walmart.