TEKS: Chapter 118. Economics See All Teacher Resources

118.4.c.16

(16) Personal financial literacy. The student understands types of business ownership. The student is expected to:

• (A) explain the characteristics of sole proprietorships, partnerships, and corporations;
• (B) analyze the advantages and disadvantages of sole proprietorships, partnerships, and corporations;
• (C) analyze the economic rights and responsibilities of businesses, including those involved in starting a small business; and
• (D) explain how corporations raise money through stocks and bonds.