This activity is important because as a manager, it is important to understand the various forms of business ownership, including sole proprietorships, partnerships, and corporations. It is also important to understand the advantages and disadvantages of each of these types of businesses, including the impacts on taxation and liability. For example, a sole proprietorship is the most common form of business ownership. Sole proprietorships provide the most flexibility and freedom from government regulation; however, in a sole proprietorship the owner carries all of the liability and is limited to only their own sources of funds.

The goal of this activity is to demonstrate your understanding of the different types of business ownership.

Click the $$Black right point button to watch the video. Then, answer the questions that follow.

Franchisees experience all of the following benefits except

Multiple Choice

autonomy to make decisions.

employee training.

brand recognition.

marketing assistance.

management assistance.