Question 1
Question
a business that is owned and operated bey one individual is referred to as a
Answer
-
sole proprietorship
-
partnership
-
joint venture
-
non profit cooporation
Question 2
Question
is a form of business ownership that is quasi taxable and consists of two or more owners
Answer
-
partnership
-
acquisition
-
corporation
-
merger
Question 3
Question
is a legal entity, created by the state whose assets and liabilities are separate from its owners
Answer
-
joint venture
-
merger
-
partnership
-
corporation
Question 4
Question
is a partnership established for a specific project for a limited time
Answer
-
joint venture
-
corporation
-
partnership
-
merger
Question 5
Question
is a form of business ownership that is taxed as though it where a partnership with restrictions on shareholders
Answer
-
s corporation
-
merger
-
partnership
-
joint venture d
Question 6
Question
is a form of business ownership that provides limited liability, as in a corporation, but is taxed like a partnership
Question 7
Question
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
Answer
-
cooperative
-
joint venture
-
merger
-
sole proprietorship
Question 8
Question
occurs when two companies combine to form a new company
Answer
-
merger
-
partnership
-
acquisition
-
joint venture
Question 9
Question
occurs when one company purchases another, usually by buying most of its stock
Answer
-
acquisition
-
partnership
-
joint venture
-
cooperative
Question 10
Question
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
Answer
-
leveraged buyout
-
cooperative
-
nonprofit corporation
-
acquisition
Question 11
Question
which of the following is an advantage of a sole proprietorship?
Question 12
Question
which of the following is not a source of funds for a partnership
Answer
-
bank loan
-
personal funds
-
sale of stock
-
private investor
Question 13
Question
the legal documents that identify the base agreements between partners are called
Question 14
Question
all the following are advantages of a partnership except
Question 15
Question
are the profits of a corporation that are distributed in the form of cash payments to stockholders
Answer
-
common stock
-
preferred stock
-
distributions
-
dividends
Question 16
Question
a private corporation is one
Answer
-
whose stock is traded on the New York stock exchange
-
that does not pay taxes on its income
-
whose stock is not traded in public markets
-
that must disclose its financial to the public
Question 17
Question
is elected by the stockholders to oversee the general operation of the corporation and set long term objectives
Answer
-
board of directors
-
preferred stockholders
-
common stockholders
-
CEO
Question 18
Question
which type of stockholders usually has the right to vote and control the board of directors
Answer
-
preferred stockholders
-
common stockholders
-
the Board of directors
-
members of the firm
Question 19
Question
when companies operating at different but related levels of industry merge, the merger is known as a
Answer
-
horizontal merger
-
vertical merger
-
conglomerate merger
-
hostile takeover
Question 20
Question
results when two firms in unrelated industries merge
Answer
-
horizontal merger
-
vertical merger
-
conglomerate merger
-
hostile takeover