Ownership bingo

Exercise and reference answers

Clues and terms

1. Clue

   One owner, most common.

   Item

   Sole trader

2. Clue

   Personal assets at risk.

   Item

   Unlimited

3. Clue

   Legal person by charter.

   Item

   Corporation

4. Clue

   Own shares and vote.

   Item

   Stockholders

5. Clue

   Profit paid to owners.

   Item

   Dividends

6. Clue

   Avoids double taxation.

   Item

   S corporation

7. Clue

   Alliance for one project.

   Item

   Joint venture

8. Clue

   Supplies the concept.

   Item

   Franchisor

9. Clue

   Unrelated firms combine.

   Item

   Conglomerate

Instructions

Read each clue and tap the term it describes.

Explanation