Module: Legal Ownership
Why does Legal Ownership matter?
Take this pre-test to see what you already know about the concepts in this section. The pre-test does not count toward your grade, but will help you plan where to focus your time and effort as you study. The pre-test is optional.
focus
Recognize the advantages and disadvantages of the various forms of business ownership relative to a business opportunity
| Reading: Selecting a Form of Business Ownership | |
| Reading: Sole Proprietorship and Partnerships | |
| Self-Check: Forms of Business Ownership |
focus
Differentiate among the different types of corporations available to business owners (C, S, B)
| Reading: Corporations | |
| Reading: Hybrid Forms of Organization | |
| Self-Check: Types of Corporations |
focus
Explain the concept of franchising and the associated risks and benefits to the franchisor and franchisee
| Reading: Franchising | |
| Self-Check: Franchising |
Explain how a business can expand market share and diversify through mergers and acquisitions
| Reading: Mergers and Acquisitions | |
| Self-Check: Mergers and Acquisitions |
Identify sources of assistance available to individuals to start a business (8 questions)
| Video: An Introduction to the SBA | |
| Video: Business Resources for Veterans | |
| Self-Check: Assistance in Starting a Business |
Legal Ownership
You can take this quiz twice. Your highest score will count as your grade. Don’t wait until the last minute to take the quiz – take the quiz early so you’ll have plenty of time to study and improve your grade on your second attempt.