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If a sole proprietorship business does poorly, the owner is…

If a sole proprietorship business does poorly, the owner is responsible for all the losses and could even lose his or her home and other personal belongings. This is called

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The amount of money you will receive from the sale of the pr…

The amount of money you will receive from the sale of the product is called

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Vengo’s balance sheet currently has no debt (time of the vid…

Vengo’s balance sheet currently has no debt (time of the video).

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A(n) ___________ is a type of business whose ownership is di…

A(n) ___________ is a type of business whose ownership is divided into many small parts, called shares or stock.

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Most of the time you need to spend very little of your own p…

Most of the time you need to spend very little of your own personal savings to get a new business off the ground.

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Business is hard, but meaningful, because…

Business is hard, but meaningful, because…

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A private corporation

A private corporation

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Equity financing is money…

Equity financing is money…

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Vending machines sell wholesale consumer items.

Vending machines sell wholesale consumer items.

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In a cooperative, each member gets one vote at the annual me…

In a cooperative, each member gets one vote at the annual meeting for each share he or she owns.

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