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1. What are the three ways that a business can be privately owned?
2. What forms do most European countries have?
3. What is a sole proprietorship?
4. Is it a simple form for the organization of a business?
5. What is taxed in a proprietorship?
6. Can a proprietorship issue shares and bonds?
7. Name some businesses that are likely to be sole proprietorships.
8. What is a partnership?
9. Whom do we call partners?
10. What happens in the case of the firm failure?
11. What is the difference between a sole proprietorship and a partnership?
12. In what professional fields are the partnerships found?
13. In what businesses is the partnership a common form?
14. What are the advantages of a partnership?
15. What is a corporation?
16. Who can own a corporation?
17. How are owners of shares called?
18. What is a key feature of a corporation?
19. In what way can a corporation raise capital?
20. How can shareholders liquidate their ownership?
21. What must persons wishing to form a corporation do?
22. What world-known corporations do you know?
23. What types of business usually take the corporation form of ownership?