Business Fundamentals Quiz

Corporation = Limited liability for owners Sole proprietorship = Owned and operated by one person Partnership = Owned and operated by two or more individuals Limited liability company (LLC) = Flexibility in management and taxation

Income statement = Shows company's profitability over a period of time Balance sheet = Provides snapshot of company's financial position at a specific point in time Cash flow statement = Tracks cash inflows and outflows Statement of retained earnings = Details changes in company's retained earnings over a period of time

Social media marketing = Promotion of products or services through social media platforms Content marketing = Creation and distribution of valuable, relevant content to attract and engage target audience Influencer marketing = Leveraging influencers to promote products or services to their audience Email marketing = Sending commercial messages to a group of people using email

<p>Corporation = A legal entity owned by shareholders with limited liability Cooperatives = Member-owned businesses that operate for the mutual benefit of their members Private Limited Company = A privately held business entity with limited liability for its shareholders Public Limited Company = A company that offers shares to the public and has limited liability for its shareholders</p> Signup and view all the answers

<p>Corporation = Separate legal entity from its owners Cooperatives = Democratic control by members Private Limited Company = Limited liability for shareholders Public Limited Company = Shares traded on stock exchanges</p> Signup and view all the answers

<p>Corporation = Limited liability for shareholders Cooperatives = Focus on member benefits rather than profit Private Limited Company = Flexibility in ownership and management Public Limited Company = Access to capital through public offering of shares</p> Signup and view all the answers