Chapter+7

=Chapter 7: Organization of Businesses=

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Understand:
 * Advantages and Disadvantages of sole proprietorship, partnership, corporation
 * Definition and examples of : not-for-profit organizations, government corporations, co-operatives
 * Selling stock is selling **equity**, or ownership to shareholders
 * A board of directors represents stockholders, guides corporate policies and practices
 * Understand what entrepreneurship brings to our economy

=Chapter 7 Extra Credit:= (to receive full credit, please write answers in complete sentences: 3-4 should be sufficient for each question)


 * 1) Do you think that free enterprise encourages entrepreneurship? Does entrepreneurship promote economic change? Explain.
 * 2) Explain why you would or would not want to run your own business. If you were starting a business, would you want to buy an existing business or start from scratch? Explain.

AND/OR:

Have a discussion with somebody that has his/her own business. It can be a family friend or relative. Write down and ask him/her 7-10 **meaningful** questions about owning/operating their business, and write down responses. Use the terms and concepts from the chapter in formulating your questions. Then, write a summary/reflection of what you have learned.

[|NFIB]:** This site has resources about entrepreneurship - if you're interested in making your own business, perhaps you can get some ideas?
 * Additional Resources that Might Interest You: