1. Please read pages 74-84 in your economics book and be ready for a case study quiz.
2. Highlight, copy, paste and make space for the questions below. The questions are go with pages 74-84.
Chapter 5 – Business Structures homework #1
Identify the following from your reading:
1. This is a state license that allows you to do business as a corporation.
2. What business structure represents about 70% of the businesses in the United States?
3. What business structure represents about 10% of the businesses in the United States?
4. What business structure represents about 20% of the businesses in the United States?
5. In the eyes of the law, a corporation is treated like a _______________________. Give examples why this is so.
6. Explain the Structure of a Corporation. Please give details about all levels. (You may use the back of your paper to complete this).
7. This is money that you use to start a business. It is used to help pay start-up costs and expenses.
8. What is the difference between a general and a limited partnership?
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