ECO-Corporations, MergersGrade 11

What is a stock?
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Slide 1: Mind map
EconomieSecondary Education

This lesson contains 16 slides, with interactive quizzes and text slides.

time-iconLesson duration is: 60 min

Items in this lesson

What is a stock?

Slide 1 - Mind map

Chapter 8.3
Corporations, Mergers, and Multinationals
Pages 238-247

Slide 2 - Slide

Definitions
Corporations are the third main kind of business organization. 
A corporation is a business owned by individuals, called shareholders or stockholders. 
The shareholders own the rights to the company’s profits, but they face limited liability for the company’s debts and losses. 
These individuals acquire ownership rights through the purchase of stock or shares of ownership in the corporation. 

Slide 3 - Slide

What is if the company does well and earns a profit, you might receive a payment?
A
Income
B
Earnigs
C
Profit
D
Dividend

Slide 4 - Quiz

What is a business owned by individuals, called shareholders or stockholders?
A
Partnership
B
Sole proprietorship
C
Corporation
D
Limited partnership

Slide 5 - Quiz

What is the difference between private and public corporations? Read the example on page 238. Why could Frank and Shirley not find the protection from unlimited liability they wanted in a limited liability partnership?

Slide 6 - Open question

What are the different characteristics of a corporation?

Slide 7 - Mind map

Slide 8 - Link

How might the advantages of corporations help explain why more corporations than other kinds of businesses take in $1 million or more a year?

Slide 9 - Open question

Which disadvantage of corporations might be the most significant? Explain

Slide 10 - Open question

What is a contract issued by a corporation that promises to repay borrowed money, plus interest, on a fixed schedule?
A
Shares
B
Capital
C
Bonds
D
Stock

Slide 11 - Quiz

What is that a corporation continues to exist even after an owner dies, leaves the business, or transfers his or her ownership.?
A
Limited Life
B
Unlimited Life
C
Limited Liability
D
Unlimited liability

Slide 12 - Quiz

Discuss what possibilities there are for entrepreneurs who prefer partnerships over corporations but who wish to avoid unlimited liability.

Slide 13 - Open question

F & S was successful as a partnership. What will Frank and Shirley gain by making their company a corporation?​

Slide 14 - Mind map

What is that the business owner’s liability for business debts and losses is limited?
A
Limited Life
B
Unlimited Liability
C
Unlimited Life
D
Limited liability

Slide 15 - Quiz

Give the main terms of the lesson.

Slide 16 - Mind map