Domino$$s Still Rolling in the Dough

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.

Domino$$s was originally operated as a partnership between two brothers. Which of the following was likely a disadvantage of this type of business ownership?

Multiple Choice

unlimited liability

combined knowledge and skills

decision making

combined availability of capital