Question 1

Which form of business ownership has the most difficulty in raising capital?

Accepted Answer

A)  a sole proprietorship 
B)  a general partnership 
C)  a limited partnership 
D)  a corporation 
A)  a sole proprietorship 
B)  a general partnership 
C)  a limited partnership 
D)  a corporation

Question 2

A corporation's earnings are taxed as corporate earnings and as dividends to the shareholders.What is this known as?

Accepted Answer

A)  double jeopardy 
B)  double indemnity 
C)  double taxation 
D)  primary and secondary taxation 
A)  double jeopardy 
B)  double indemnity 
C)  double taxation 
D)  primary and secondary taxation

Question 3

Which type of merger brings together companies in unrelated businesses to reduce risk?

Accepted Answer

A)  a diagonal merger 
B)  a horizontal merger 
C)  a vertical merger 
D)  a conglomerate 
A)  a diagonal merger 
B)  a horizontal merger 
C)  a vertical merger 
D)  a conglomerate

Question 4

The purchase and subsequent takeover of Marks Work Warehouse by Canadian Tire is an example of which of the following?

Accepted Answer

A)  a merger 
B)  an acquisition 
C)  a voluntary union 
D)  a joint venture 
A)  a merger 
B)  an acquisition 
C)  a voluntary union 
D)  a joint venture

Question 5

The corporation's board of directors hire the corporate officers.

Accepted Answer

A) True 
 B)False

Question 6

What does the fact that a corporation has limited liability mean?

Accepted Answer

A)  Owners' liabilities are limited to the amount invested. 
B)  It can earn a limited amount. 
C)  Some of the owners are limited in earnings. 
D)  The life of the corporation is limited. 
A)  Owners' liabilities are limited to the amount invested. 
B)  It can earn a limited amount. 
C)  Some of the owners are limited in earnings. 
D)  The life of the corporation is limited.

Question 7

What do partnership agreements generally specify?

Accepted Answer

A)  the methods of taxation of each partner 
B)  the contributions of each partner 
C)  the percentage of revenue to be generated by each partner 
D)  the provisions for spouses and family to work in the partnership 
A)  the methods of taxation of each partner 
B)  the contributions of each partner 
C)  the percentage of revenue to be generated by each partner 
D)  the provisions for spouses and family to work in the partnership

Which form of business ownership has the most difficulty in raising capital?

A corporation's earnings are taxed as corporate earnings and as dividends to the shareholders.What is this known as?

Which type of merger brings together companies in unrelated businesses to reduce risk?

The purchase and subsequent takeover of Marks Work Warehouse by Canadian Tire is an example of which of the following?

The corporation's board of directors hire the corporate officers.

What does the fact that a corporation has limited liability mean?

What do partnership agreements generally specify?

Politics Governments’ Roles

Economics Evolving Systems

Social Society, Corporate Responsibility, and Making Ethical Decisions

Technology Managing Information for Business Success

International The Global Marketplace

Entrepreneurship and Small Business

Analyzing the Business

Management and Leadership in Today’s Organizations

Designing Organizational Structures

Motivating Employees

Managing Human Resources and Labour Relations

Marketing The Customer Focus

Creating Marketing Strategies

Achieving World-Class Operations Management

Accounting for Financial Success

Understanding Money and the Canadian Financial System

Finance Maximizing the Value

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Exam 8: Forms of Business Ownership

Which form of business ownership has the most difficulty in raising capital?

A corporation's earnings are taxed as corporate earnings and as dividends to the shareholders.What is this known as?

Which type of merger brings together companies in unrelated businesses to reduce risk?

The purchase and subsequent takeover of Marks Work Warehouse by Canadian Tire is an example of which of the following?

The corporation's board of directors hire the corporate officers.

What does the fact that a corporation has limited liability mean?

What do partnership agreements generally specify?

Politics Governments’ Roles

Economics Evolving Systems

Social Society, Corporate Responsibility, and Making Ethical Decisions

Technology Managing Information for Business Success

International The Global Marketplace

Entrepreneurship and Small Business

Analyzing the Business

Management and Leadership in Today’s Organizations

Designing Organizational Structures

Motivating Employees

Managing Human Resources and Labour Relations

Marketing The Customer Focus

Creating Marketing Strategies

Achieving World-Class Operations Management

Accounting for Financial Success

Understanding Money and the Canadian Financial System

Finance Maximizing the Value

Filters