Exam 4: Options for Organizing Business

Josh has been asked to be a part of a new business venture that develops wind energy technologies.Since the business involves high risk,he does not want to be held completely liable for the firm's debts if the project fails.In this case,Josh is most likely to prefer to participate as a(n):

(Multiple Choice)

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Question 41

Which of the following forms of business is associated with unlimited liability to the owners?

(Multiple Choice)

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Question 42

The income earned in sole proprietorships is:

(Multiple Choice)

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Question 43

A(n)_____ is a partnership established for a specific project or for a limited time.

(Multiple Choice)

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Question 44

Which of the following is an advantage of corporations over sole proprietorships?

(Multiple Choice)

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Question 45

In sole proprietorships,owners:

(Multiple Choice)

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Question 46

A corporation doing business outside the state in which it is chartered is known as a(n)_____.

(Multiple Choice)

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Question 47

In the context of corporations,what is a white knight?

(Multiple Choice)

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Question 48

It is easier to raise funds in partnerships than in sole proprietorships because:

(Multiple Choice)

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Question 49

Which of the following is a difference between partnerships and sole proprietorships?

(Multiple Choice)

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Question 50

_____ are legal documents that the state issues to companies based on information the company provides in the articles of incorporation.

(Multiple Choice)

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Question 51

Which of the following is a disadvantage of sole proprietorships?

(Multiple Choice)

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Question 52

Articles of partnership are legal documents that set forth the basic agreement between partners.The issues covered usually include:

(Multiple Choice)

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Question 53

If a firm issues a poison pill when facing a hostile takeover attempt,it:

(Multiple Choice)

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Question 54

The decision-making process in a partnership tends to be faster when:

(Multiple Choice)

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Question 55

Michael Wong and Sanjay Patel,both lawyers,start a law firm together.Both of them have unlimited liability for the debts of the business,and the management of the firm is equally shared between them.This law firm is an example of a(n)_____.

(Multiple Choice)

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Question 56

Xavier starts an investment management firm along with his friend Abdul.They decide to equally share the profits and have unlimited liability for the debts of their business.This firm is an example of a(n)_____.

(Multiple Choice)

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Question 57

An acquisition occurs when one company purchases another company by buying most of its stock.

(True/False)

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Question 58

Which of the following is a disadvantage of a partnership?

(Multiple Choice)

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Question 59

A sole proprietor has limited liability in meeting the debts of his or her business.

(True/False)

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Question 60

Showing 41 - 60 of 95

Josh has been asked to be a part of a new business venture that develops wind energy technologies.Since the business involves high risk,he does not want to be held completely liable for the firm's debts if the project fails.In this case,Josh is most likely to prefer to participate as a(n):

Which of the following forms of business is associated with unlimited liability to the owners?

The income earned in sole proprietorships is:

A(n)_____ is a partnership established for a specific project or for a limited time.

Which of the following is an advantage of corporations over sole proprietorships?

In sole proprietorships,owners:

A corporation doing business outside the state in which it is chartered is known as a(n)_____.

In the context of corporations,what is a white knight?

It is easier to raise funds in partnerships than in sole proprietorships because:

Which of the following is a difference between partnerships and sole proprietorships?

_____ are legal documents that the state issues to companies based on information the company provides in the articles of incorporation.

Which of the following is a disadvantage of sole proprietorships?

Articles of partnership are legal documents that set forth the basic agreement between partners.The issues covered usually include:

If a firm issues a poison pill when facing a hostile takeover attempt,it:

The decision-making process in a partnership tends to be faster when:

Michael Wong and Sanjay Patel,both lawyers,start a law firm together.Both of them have unlimited liability for the debts of the business,and the management of the firm is equally shared between them.This law firm is an example of a(n)_____.

Xavier starts an investment management firm along with his friend Abdul.They decide to equally share the profits and have unlimited liability for the debts of their business.This firm is an example of a(n)_____.

An acquisition occurs when one company purchases another company by buying most of its stock.

Which of the following is a disadvantage of a partnership?

A sole proprietor has limited liability in meeting the debts of his or her business.

The Dynamics of Business and Economics

Business Ethics and Social Responsibility

Business in a Borderless World

Small Business,entrepreneurship,and Franchising

The Nature of Management

Organization,teamwork,and Communication

Managing Service and Manufacturing Operations

Motivating the Workforce

Managing Human Resources

Customer-Driven Marketing

Dimensions of Marketing Strategy

Digital Marketing and Social Networking

Accounting and Financial Statements

Money and the Financial System

Financial Management and Securities Markets

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