Chapter 7: Legal Ownership

Module: Legal Ownership

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Why It Matters: Legal Ownership

Why does Legal Ownership matter?

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Show What You Know

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.

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Forms of Business Ownership

Recognize the advantages and disadvantages of the various forms of business ownership relative to a business opportunity

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Types of Corporations

Differentiate among the different types of corporations available to business owners (C, S, B)

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Franchising

Explain the concept of franchising and the associated risks and benefits to the franchisor and franchisee

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Mergers and Acquisitions

Explain how a business can expand market share and diversify through mergers and acquisitions

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Assistance in Starting a Business

Identify sources of assistance available to individuals to start a business (8 questions)

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Putting It Together: Legal Ownership

Legal Ownership

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Quiz

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.