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Ch 10: Georgia Milestones: Business Organizations

About This Chapter

Let us help you review information about business organizations with the use of this chapter's lessons and quizzes. Our study tools can help you quickly get ready for the Georgia Milestones Economics/Business/Free Enterprise exam.

Georgia Milestones: Business Organizations - Chapter Summary

Going through the text and video lessons in this chapter allows you to review and learn more about how businesses are owned, organized and operated. This can contribute to your studies and preparations for Georgia Milestones exam questions. The topics in this chapter include:

  • Entrepreneurship
  • Types of business organizations
  • Organizational structure
  • Sole proprietorship
  • Partnerships
  • Pros and cons of corporations
  • Limited liability companies
  • Franchises
  • Cooperatives in business

Our lessons are interactive, engaging, short and taught by expert instructors. The text and video lessons walk you through multiple topics that you may encounter on exam day. When you complete each lesson, gauge how much you know by taking a short quiz. You will get quick feedback as well, which will give you the chance to go back into the lessons and re-review anything you missed on the quiz.

9 Lessons in Chapter 10: Georgia Milestones: Business Organizations
Test your knowledge with a 30-question chapter practice test
Entrepreneurship & the Economy: Definition & Importance

1. Entrepreneurship & the Economy: Definition & Importance

Entrepreneurs fill a vitally important role in market economies. In this lesson, you'll learn about the importance of entrepreneurship, different types of entrepreneurs and how they add value to an economy.

What Is a Business Organization? - Structure, Types & Examples

2. What Is a Business Organization? - Structure, Types & Examples

Want to start a business? One of the first steps is to pick its form. In this lesson, you'll learn about the primary ways businesses are organized with examples provided along the way.

Organizational Structure & Ownership of a Business

3. Organizational Structure & Ownership of a Business

There are four ways a business can be organized: sole proprietorship, partnership, limited liability, and corporation. Each form of ownership takes on a different structure with regards to tax liabilities, income, and risks.

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

4. 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

5. 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.

Corporations: Types, Advantages, Disadvantages & Examples

6. 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.

The Basics of LLCs: Limited Liability Companies

7. 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.

Franchises: Opportunities and Challenges

8. 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

9. 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.
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Other Chapters

Other chapters within the Georgia Milestones - Economics/Business/Free Enterprise EOC: Test Prep & Practice course

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