Rigo Sanchez
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1 Business Introduction Quiz on chapter 4 business introduction , created by Rigo Sanchez on 23/10/2015.

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Rigo Sanchez
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chapter 4 business introduction

Question 1 of 20

1

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

Select one of the following:

  • sole proprietorship

  • partnership

  • joint venture

  • non profit cooporation

Explanation

Question 2 of 20

1

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

Select one of the following:

  • partnership

  • acquisition

  • corporation

  • merger

Explanation

Question 3 of 20

1

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

Select one of the following:

  • joint venture

  • merger

  • partnership

  • corporation

Explanation

Question 4 of 20

1

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

Select one of the following:

  • joint venture

  • corporation

  • partnership

  • merger

Explanation

Question 5 of 20

1

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

Select one of the following:

  • s corporation

  • merger

  • partnership

  • joint venture d

Explanation

Question 6 of 20

1

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

Select one of the following:

  • limited liability company

  • non profit corporation

  • acquisition

  • cooperative

Explanation

Question 7 of 20

1

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

Select one of the following:

  • cooperative

  • joint venture

  • merger

  • sole proprietorship

Explanation

Question 8 of 20

1

occurs when two companies combine to form a new company

Select one of the following:

  • merger

  • partnership

  • acquisition

  • joint venture

Explanation

Question 9 of 20

1

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

Select one of the following:

  • acquisition

  • partnership

  • joint venture

  • cooperative

Explanation

Question 10 of 20

1

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

Select one of the following:

  • leveraged buyout

  • cooperative

  • nonprofit corporation

  • acquisition

Explanation

Question 11 of 20

1

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

Select one of the following:

  • ease of formation

  • equally shared profits among owners

  • unlimited liability

  • increased life expectancy

Explanation

Question 12 of 20

1

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

Select one of the following:

  • bank loan

  • personal funds

  • sale of stock

  • private investor

Explanation

Question 13 of 20

1

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

Select one of the following:

  • articles of partnership

  • ease of organization

  • combined knowledge and skills

  • availability of capital and credit

Explanation

Question 14 of 20

1

all the following are advantages of a partnership except

Select one of the following:

  • unlimited liability

  • ease of organization

  • combined knowledge and skills

  • availability of capital and credit

Explanation

Question 15 of 20

1

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

Select one of the following:

  • common stock

  • preferred stock

  • distributions

  • dividends

Explanation

Question 16 of 20

1

a private corporation is one

Select one of the following:

  • 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

Explanation

Question 17 of 20

1

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

Select one of the following:

  • board of directors

  • preferred stockholders

  • common stockholders

  • CEO

Explanation

Question 18 of 20

1

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

Select one of the following:

  • preferred stockholders

  • common stockholders

  • the Board of directors

  • members of the firm

Explanation

Question 19 of 20

1

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

Select one of the following:

  • horizontal merger

  • vertical merger

  • conglomerate merger

  • hostile takeover

Explanation

Question 20 of 20

1

results when two firms in unrelated industries merge

Select one of the following:

  • horizontal merger

  • vertical merger

  • conglomerate merger

  • hostile takeover

Explanation

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