a business that is owned and operated bey one individual is referred to as a
sole proprietorship
partnership
joint venture
non profit cooporation
is a form of business ownership that is quasi taxable and consists of two or more owners
acquisition
corporation
merger
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
s corporation
joint venture d
is a form of business ownership that provides limited liability, as in a corporation, but is taxed like a partnership
limited liability company
non profit corporation
cooperative
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
leveraged buyout
nonprofit corporation
which of the following is an advantage of a sole proprietorship?
ease of formation
equally shared profits among owners
unlimited liability
increased life expectancy
which of the following is not a source of funds for a partnership
bank loan
personal funds
sale of stock
private investor
the legal documents that identify the base agreements between partners are called
articles of partnership
ease of organization
combined knowledge and skills
availability of capital and credit
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
common stock
preferred stock
distributions
dividends
a private corporation is one
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
is elected by the stockholders to oversee the general operation of the corporation and set long term objectives
board of directors
preferred stockholders
common stockholders
CEO
which type of stockholders usually has the right to vote and control the board of directors
the Board of directors
members of the firm
when companies operating at different but related levels of industry merge, the merger is known as a
horizontal merger
vertical merger
conglomerate merger
hostile takeover
results when two firms in unrelated industries merge