1. As a young child, Karina had a passion for animals and environmental issues. After she graduated from college, Karina landed a job in an organization whose mission is to create public awareness about endangered animals and other environmental issues. Karina’s employer depends largely on grants and donations to fund business activities.
2. Kyle and Palo had been friends for a long time. The friends shared a common interest in computer technology. Kyle had done some software design and computer work on his own for neighbors and family friends. It wasn’t long before he realized that there was a demand for small businesses to have affordable computer consultants. He decided to start a business. Kyle discussed his venture with Palo and asked him if he would like to combine capital and take an active role in the business with him. Both Kyle and Palo are equally responsible for the businesses’ risks and rewards.
3. Rachel worked in one of her family’s two furniture stores. When her grandfather decided to expand the business and build three more stores, Rachel realized that he would need a lot of capital to get the construction started. She suggested that her grandfather raise the money by selling shares of stock in the company to just a few people, not to the general public. Her grandfather filed Articles of Incorporation with the government. He sold 1,000 shares of stock to 100 people and kept 1,500 shares.
4. Ming was an associate orthodontist in a large dental practice. While attending a professional seminar, Ming ran into a former colleague, Kevin. He told Ming that he and five others were planning to open their own dental practice. They were looking for an orthodontist to include in their practice. Within three months, six members of the dental practice filed the necessary paperwork and paid annual fees to the government to start their new dental practice. Before they open for business, they will have to make sure that each member has sufficient malpractice insurance.
5. James owns part of a business. He purchased several hundred shares of stock in a large, nationally recognized steel company. Several thousand other people own stock in the company too. Each year, all the shareholders receive a detailed report about the financial activities of the company.
6.Gina loves food almost as much as she likes to make money. When Gina knew that she wanted to own her own business, she decided to open a restaurant. She didn’t know exactly what was involved and wanted some guidance as she developed her business. She contacted a nationally known restaurant xhain and purchased the right to operate her restaurant under the restaurant’s trade name.
7. As a successful businessperson, Ben wanted to take the next step to expand his mid-size company internationally. He knew he didn’t have enough capital and know-how to get into foreign markets. He contacted a former business associate who owned a garment manufacturing company in Australia. Together, they worked out a deal that would benefit both of their companies in a relationship that would last no longer than one year.
what kind of business do they belong????
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Answer:
1. karina is full filling her passion for animals
2. Kyle and pylo are engaged in partnership
3. rachel's grandfather is running multiple shops
4. this is a partnership firm
5. it's a company
6. it's a single owner ship business
7. this is a particular partnership
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Explanation:
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