Question 1

When Compaq and Hewlett-Packard decided to become one company, this was an example of a(n)

Accepted Answer

A)  acquisition. 
B)  hostile takeover. 
C)  horizontal merger. 
D)  conglomerate merger. 
E)  joint venture. 
A)  acquisition. 
B)  hostile takeover. 
C)  horizontal merger. 
D)  conglomerate merger. 
E)  joint venture.

Question 2

Which of the following statements is true?

Accepted Answer

A)  Economists and financial analysts agree that mergers are good for the economy. 
B)  Takeovers always increase a firm's productivity. 
C)  Mergers in the first part of the twenty-first century will see an increase in debt financing. 
D)  Mergers in the first part of the twenty-first century will be driven by cash-rich companies looking to acquire businesses that will enhance their position in the marketplace. 
E)  There will be fewer mergers that involve investors from other countries. 
A)  Economists and financial analysts agree that mergers are good for the economy. 
B)  Takeovers always increase a firm's productivity. 
C)  Mergers in the first part of the twenty-first century will see an increase in debt financing. 
D)  Mergers in the first part of the twenty-first century will be driven by cash-rich companies looking to acquire businesses that will enhance their position in the marketplace. 
E)  There will be fewer mergers that involve investors from other countries.

Question 3

Kayla purchases shares of ownership in General Electric.These shares are referred to as

Accepted Answer

A)  ownership documents. 
B)  stock. 
C)  articles of ownership. 
D)  incorporation. 
E)  corporate certificates. 
A)  ownership documents. 
B)  stock. 
C)  articles of ownership. 
D)  incorporation. 
E)  corporate certificates.

Question 4

A merger between two firms that make and sell similar products in similar markets is known as a

Accepted Answer

A)  horizontal merger. 
B)  cooperative. 
C)  joint venture. 
D)  vertical merger. 
E)  conglomerate merger. 
A)  horizontal merger. 
B)  cooperative. 
C)  joint venture. 
D)  vertical merger. 
E)  conglomerate merger.

Question 5

A general partner is responsible for any debts of the partnership, regardless of whether he or she was directly involved in the transaction that created the debt.

Accepted Answer

A) True 
 B)False

Question 6

Tiffany is about to finish her degree in business management and wants to find a job that will provide her with opportunities to advance within an organisation.What type of business organisation should Tiffany work for?

Accepted Answer

A)  A sole trader 
B)  A small family-owned business that is incorporated 
C)  A partnership 
D)  A corporation 
E)  An unlimited partnership 
A)  A sole trader 
B)  A small family-owned business that is incorporated 
C)  A partnership 
D)  A corporation 
E)  An unlimited partnership

Question 7

Joint ventures are created for a specific purpose and dissolved when that purpose is achieved.

Accepted Answer

A) True 
 B)False

Question 8

Because of rising fuel costs, a group of farmers have organised a retail gasoline outlet so they can make more reasonable purchases.This type of business is referred to as a(n)

Accepted Answer

A)  syndicate. 
B)  cooperative. 
C)  joint venture. 
D)  corporation. 
E)  S-corporation. 
A)  syndicate. 
B)  cooperative. 
C)  joint venture. 
D)  corporation. 
E)  S-corporation.

When Compaq and Hewlett-Packard decided to become one company, this was an example of a(n)

Which of the following statements is true?

Kayla purchases shares of ownership in General Electric.These shares are referred to as

A merger between two firms that make and sell similar products in similar markets is known as a

A general partner is responsible for any debts of the partnership, regardless of whether he or she was directly involved in the transaction that created the debt.

Tiffany is about to finish her degree in business management and wants to find a job that will provide her with opportunities to advance within an organisation.What type of business organisation should Tiffany work for?

Joint ventures are created for a specific purpose and dissolved when that purpose is achieved.

Because of rising fuel costs, a group of farmers have organised a retail gasoline outlet so they can make more reasonable purchases.This type of business is referred to as a(n)

Introduction to Business

Responsible Business

Global Business

Small Business, Entrepreneurship, and Franchises

Leadership and Managing a Business

Flexibility Within the Organisation

Products and Services

Recruitment and Retaining the Best Employees

Employee Motivation and Team Building

The Marketing Concept

Aproduct Development and Pricing Strategies

Marketing Channels

Marketing Communications

Social Media and E-Business

Introduction to Management Accounting

Money and the Banking System

Financial Management

Personal Finances and Investments

Filters

Exam 4: Types of Business Ownership

When Compaq and Hewlett-Packard decided to become one company, this was an example of a(n)

Which of the following statements is true?

Kayla purchases shares of ownership in General Electric.These shares are referred to as

A merger between two firms that make and sell similar products in similar markets is known as a

A general partner is responsible for any debts of the partnership, regardless of whether he or she was directly involved in the transaction that created the debt.

Tiffany is about to finish her degree in business management and wants to find a job that will provide her with opportunities to advance within an organisation.What type of business organisation should Tiffany work for?

Joint ventures are created for a specific purpose and dissolved when that purpose is achieved.

Because of rising fuel costs, a group of farmers have organised a retail gasoline outlet so they can make more reasonable purchases.This type of business is referred to as a(n)

Introduction to Business

Responsible Business

Global Business

Small Business, Entrepreneurship, and Franchises

Leadership and Managing a Business

Flexibility Within the Organisation

Products and Services

Recruitment and Retaining the Best Employees

Employee Motivation and Team Building

The Marketing Concept

Aproduct Development and Pricing Strategies

Marketing Channels

Marketing Communications

Social Media and E-Business

Introduction to Management Accounting

Money and the Banking System

Financial Management

Personal Finances and Investments

Filters