INTRODUCTION TO ENTREPRENEURSHIP
TYPES OF ENTREPRENEURSHIP
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[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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sole proprietorship
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franchise
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partnership
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corporation
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Detailed explanation-1: -Corporations. A Corporation, chartered by the state in which it is headquartered, is considered by law to be a unique entity, separate and apart from those who own it. A Corporation can be taxed; it can be sued; it can enter into contractual agreements. The owners of a corporation are its shareholders.
Detailed explanation-2: -Common stockholders enjoy voting powers regarding executive decisions of a company’s operations. Preferred shareholders do not enjoy voting rights over matters of the company. Dividend distribution among common stockholders is done on the basis of how a company performs in a particular year.
Detailed explanation-3: -A corporation is a business owned by stockholders, who own the rights to the company’s profits but face limited liability for the company’s debts and losses.