Review BA 160,  Module B

 

5  Forms of Business Ownership

 

Sole proprietorship, partnership, corporation:  advantages and disadvantages

General and limited partners

Steps in forming a corporation

Mergers and acquisitions

Types of corporations

Liability

 

6  Small Business

 

% of small businesses that fail

entrepreneur characteristics

technical innovations

franchise and franchisor

advantages/disadvantages of franchises and small business

 

19  Money, Banking, Credit

 

money and barter

money functions

M1, M2, and M3

Federal Reserve System

Reserve requirements, discount rates, open-market operations

American banking industry

Financial Institution services

Credit management  - getting a loan and the 5 Cs of credit management

 

21  Securities and Markets

 

Differences between primary and secondary markets

Limit order, market order, commissions

Dividends, capital gains, bull and bear markets, and stock splits

Mutual funds

Margins, selling short

Sources of financial information

SEC and NASD

 

Essay: 

 

Explain the main characteristics of sole proprietorships, partnerships, and corporations.

 

Why would you ever want to start your own business?

 

Explain and list a variety of conservative and a variety of aggressive investments.

 

Explain the 5 Cs of credit management and steps that could assure that you would be given a loan if

   you requested one.