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Ch 40: CEOE Business Education: Types of Business Ownership

About This Chapter

Use our convenient lessons and quizzes to clarify your understanding of various types of business ownership. These lessons cover the essentials of proprietorships, partnerships, corporations and more.

CEOE Business Education: Types of Business Ownership - Chapter Summary

These brief, comprehensive video lessons are a great tool for reviewing the essentials of business ownership before you take the CEOE Business Education exam. Each lesson explores a component of business ownership, including:

  • The advantages and disadvantages of sole proprietorships
  • Basic types of partnerships
  • Limited liability corporations
  • Types of corporations
  • Mergers and acquisitions
  • Challenges of franchises
  • Cooperatives' role in business

Our lessons are a fast and flexible method to get ready for the CEOE Business Education exam. Videos are each about 5-10 minutes long, but you can skip to the main parts of each video for a refresher by using the video tags. You'll also find quizzes that re-affirm your understanding of the material before you take the exam.

Objectives of the CEOE Business Education: Types of Business Ownership Chapter

In Oklahoma, the CEOE Business Education exam is used to gauge your mastery of business topics before you can earn certification as a business teacher. It covers five essential business areas, including a subarea on marketing, customer service and entrepreneurship, which is where you'll find questions about business ownership. This section represents roughly 17% of the exam and, like the rest of the subareas, has selected-response questions. Our quizzes are designed in a similar format to the exam questions so you can get familiar with the format before test day. The exam also includes a constructed-response question.

7 Lessons in Chapter 40: CEOE Business Education: Types of Business Ownership
Test your knowledge with a 30-question chapter practice test
What is a Sole Proprietorship? - Definition, Advantages, Disadvantages & Examples

1. What is a Sole Proprietorship? - Definition, Advantages, Disadvantages & Examples

Many businesses start out as sole proprietorships. In this lesson, you'll learn what a sole proprietorship is and its advantages and disadvantages. You'll also have a chance to reinforce your knowledge with a short quiz.

The Basics of Partnerships: Types & Examples

2. The Basics of Partnerships: Types & Examples

Partnerships are a common way to organize a business in the United States. In this lesson, you'll learn about different types of business partnerships and their respective advantages and disadvantages. A short quiz follows the lesson.

The Basics of LLCs: Limited Liability Companies

3. The Basics of LLCs: Limited Liability Companies

The limited liability company is one of the most popular business organizational forms for small and medium-sized businesses. In this lesson, you'll learn about the key characteristics of a limited liability company. A short quiz follows.

Corporations: Types, Advantages, Disadvantages & Examples

4. Corporations: Types, Advantages, Disadvantages & Examples

Corporations are a popular form of business organization for large and small businesses. In this lesson, you'll learn about the advantages and disadvantages of a corporation. You'll also learn about S-corporations and C-corporations.

Corporate Expansion: Mergers and Acquisitions

5. Corporate Expansion: Mergers and Acquisitions

Corporations can grow in two different ways: through expansion of their current business or through mergers and acquisitions. In this lesson, you'll learn about mergers and acquisitions. A short quiz follows.

Franchises: Opportunities and Challenges

6. Franchises: Opportunities and Challenges

Franchises offer a way for a person to start a proven business. In this lesson, you'll learn about franchises, including their advantages and disadvantages. You'll also learn about diversity and global challenges in franchising.

The Role of Cooperatives in Business

7. The Role of Cooperatives in Business

A cooperative is a type of business organization used for a variety of economic and social purposes. In this lesson, you'll learn about cooperatives, their characteristics and the role they serve in the economy. A short quiz follows.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
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Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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Other Chapters

Other chapters within the OSAT Business Education (CEOE) (040): Practice & Study Guide course

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