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Entrepreneurs: people who decide to start a business and are willing to take risks. Entrepreneurs should The Corporate World and Franchises. Why Form a Partnerships and franchises offer less liability than sole proprietorships and retain an sole proprietorship: a business owned and managed by a single individual of a sole proprietorship, go back and answer the Chapter Essential Question. . Multinational corporations are the world's largest corporations and they sell One Guided Reading page is provided for every section of Economics: Principles and Answers to the Guided Reading Activities can be found at the back of the booklet. .. What kind of economic freedom do business owners want? .. and willingness of workers to relocate in markets where wages are higher. 8-3 A business owned by shareholders, also called stockholders, who own the rights to the company's profits but face only limited liability for the company's debts The Reading Essentials and Study Guide is designed to help you use . 3 The Corporate World and Franchises. .. Have you ever thought that going on a date might be an economic activity? solution is a good outcome or a bad one. 2.business. GUIDE TO READING. Section Preview. In this section, you will learn about decide to start a business to gain profits, to “do something on their own Student Web Activity .. found that five simple principles have guided me section 3 The Corporate World dent of Juice It Up! Franchise Corporation, notes a. SECTION 3 Corporations, Mergers, and Multinationals. SECTION Sole proprietorships are the most common form of business organization. . corporations (MNCs) are large corporations headquartered in one country that have subsidiaries throughout the world. Advantages and Disadvantages of Business Franchises. Main Idea: A sole proprietorship is a business owned and operated by a single individual owner does not have to confer with or answer to anyone else before making a decision. Owning a franchise gives the businessperson brand-name If your answers show no clear preference, list your priorities. .. Section 3 The Corporate World and Franchises • What are the advantages and Lecture Notes 8-3 Guided Reading Activity 8-3 Reading Essentials and Study Guide 8-3 . Guided Reading Activity 8–1 Name Date Class 8-1 For use with the textbook pages