1. List two different types of partnerships and describe each.

2. Differentiate among the different types of corporations. Can you supply an example of each type?

3. Would you rather own preferred stock or common stock? Why?

4. Contrast how profits are distributed in sole proprietorships, partnerships, and corporations.

5. Which form of business organization has the least government regulation? Which has the most?

6. Compare the liability of the owners of partnerships, sole proprietorships, and corporations.

7. Why would secrecy in operating a business be important to an owner? What form of organization would be most appropriate for a business requiring great secrecy?

8. Which form of business requires the most specialization of skills? Which requires the least? Why?

9. The most common example of a cooperative is a farm co-op. Explain the reasons for this and the benefits that result for members of cooperatives.