Your Daily Business

Raven Burnam

BUSINESS! BUSINESS! BUSINESS!

Businesses play a vital role in our society and economy. They provide goods and services to consumers and because if consumers the businesses get money which in turn helps to strengthen the economy.

TERMS TO KNOW

Limited Liability - responsibilities are few

Unlimited Liability - all the responsibilities fall on one person.

Stock - a certificate of ownership in a corporation.

Dividend - portion of corporate profits paid out to stockholders.

Board of Directors - the body of elected members that oversee the the activities of a company of organization.

THE GOVERNMENT REVEALS THE MOST COMMON FORM OF BUSINESS!

Found in recent economic studies, the government revealed to the nation that the most common form of business in the United States is a Sole Proprietorship.