chapter 4 business introduction

a business that is owned and operated bey one individual is referred to as a

is a form of business ownership that is quasi taxable and consists of two or more owners

is a legal entity, created by the state whose assets and liabilities are separate from its owners

is a partnership established for a specific project for a limited time

is a form of business ownership that is taxed as though it where a partnership with restrictions on shareholders

is a form of business ownership that provides limited liability, as in a corporation, but is taxed like a partnership

an organization composed of individuals or small businesses that have banded together to reap the benefits of belonging to a larger organization is referred to as a

occurs when two companies combine to form a new company

occurs when one company purchases another, usually by buying most of its stock

a group of investors borrows money from banks and other institutions to acquire a company, using the assets of the purchased company to guarantee the repayment of the loan

which of the following is an advantage of a sole proprietorship?

which of the following is not a source of funds for a partnership

the legal documents that identify the base agreements between partners are called

all the following are advantages of a partnership except

are the profits of a corporation that are distributed in the form of cash payments to stockholders

a private corporation is one

is elected by the stockholders to oversee the general operation of the corporation and set long term objectives

which type of stockholders usually has the right to vote and control the board of directors

when companies operating at different but related levels of industry merge, the merger is known as a

results when two firms in unrelated industries merge