Question 1

An acquisition occurs when ________.

Accepted Answer

A)  one corporation owns 8 percent of the stock of another corporation 
B)  one company purchases the property and assumes the obligations of another company 
C)  two or more firms combine to form a single company 
D)  owners of small companies band together to operate their businesses collectively 
A)  one corporation owns 8 percent of the stock of another corporation 
B)  one company purchases the property and assumes the obligations of another company 
C)  two or more firms combine to form a single company 
D)  owners of small companies band together to operate their businesses collectively

Question 2

Small businesses often hire the youngest workers.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following is the leading cause of today's small business failures?

Accepted Answer

A)  management inexperience 
B)  poor products and/or services 
C)  no marketing plan 
D)  excess government regulation 
A)  management inexperience 
B)  poor products and/or services 
C)  no marketing plan 
D)  excess government regulation

Question 4

A joint venture is a partnership between companies formed for a specific purpose.The companies share the investment,the risk,and the rewards.

Accepted Answer

A) True 
 B)False

Question 5

Alternatives to private ownership include ________.

Accepted Answer

A)  public ownership and collective ownership 
B)  employee ownership and foreign corporations 
C)  foreign corporations and public ownership 
D)  employee ownership and collective ownership 
A)  public ownership and collective ownership 
B)  employee ownership and foreign corporations 
C)  foreign corporations and public ownership 
D)  employee ownership and collective ownership

Question 6

Investing in a franchise guarantees profit to the franchisee.

Accepted Answer

A) True 
 B)False

Question 7

Franchising offers all of the following advantages EXCEPT ________.

Accepted Answer

A)  prior performance record 
B)  a recognizable company name 
C)  guaranteed level of profitability 
D)  training 
A)  prior performance record 
B)  a recognizable company name 
C)  guaranteed level of profitability 
D)  training

Question 8

Explain the benefits and drawbacks of buying a franchise.

Accepted Answer

Advantages include the franchisee obtain

Question 9

___________ invest in small businesses in return for an ownership share

Accepted Answer

A)  Franchisors 
B)  Venture Capitalists 
C)  Joint ventures 
D)  Business Development Bank of Canada 
A)  Franchisors 
B)  Venture Capitalists 
C)  Joint ventures 
D)  Business Development Bank of Canada

Question 10

When founding members of Mary Kay Inc.wanted to regain family control of the cosmetics business,they changed the company ownership from publicly held to ________,in order to control and manage corporate activities.

Accepted Answer

A)  limited 
B)  preferred 
C)  closed 
D)  restricted 
A)  limited 
B)  preferred 
C)  closed 
D)  restricted

Question 11

What services does the Business Development Bank of Canada (BDC)offer to business owners?

Accepted Answer

The Business Development Bank of Canada

Question 12

Small businesses generate over 50 percent of new jobs.

Accepted Answer

A) True 
 B)False

An acquisition occurs when ________.

Small businesses often hire the youngest workers.

Which of the following is the leading cause of today's small business failures?

A joint venture is a partnership between companies formed for a specific purpose.The companies share the investment,the risk,and the rewards.

Alternatives to private ownership include ________.

Investing in a franchise guarantees profit to the franchisee.

Franchising offers all of the following advantages EXCEPT ________.

Explain the benefits and drawbacks of buying a franchise.

___________ invest in small businesses in return for an ownership share

When founding members of Mary Kay Inc.wanted to regain family control of the cosmetics business,they changed the company ownership from publicly held to ________,in order to control and manage corporate activities.

What services does the Business Development Bank of Canada (BDC)offer to business owners?

Small businesses generate over 50 percent of new jobs.

The Changing Face of Business

Business Ethics and Social Responsibility

Economic Challenges Facing Contemporary Business

Competing in World Markets

Starting Your Own Business: The Entrepreneurship Alternative

Management, Leadership, and the Internal Organization

Human Resource Management: From Recruitment to Labour Relations

Top Performance through Empowerment, Teamwork, and Communication

Production and Operations Management

Customer-Driven Marketing

Product and Distribution Strategies

Promotion and Pricing Strategies

Using Technology to Manage Information

Understanding Accounting and Financial Statements

The Financial System

Financial Management

Filters

Exam 5: Forms of Business Ownership and Organization

An acquisition occurs when ________.

Small businesses often hire the youngest workers.

Which of the following is the leading cause of today's small business failures?

A joint venture is a partnership between companies formed for a specific purpose.The companies share the investment,the risk,and the rewards.

Alternatives to private ownership include ________.

Investing in a franchise guarantees profit to the franchisee.

Franchising offers all of the following advantages EXCEPT ________.

Explain the benefits and drawbacks of buying a franchise.

___________ invest in small businesses in return for an ownership share

When founding members of Mary Kay Inc.wanted to regain family control of the cosmetics business,they changed the company ownership from publicly held to ________,in order to control and manage corporate activities.

What services does the Business Development Bank of Canada (BDC)offer to business owners?

Small businesses generate over 50 percent of new jobs.

The Changing Face of Business

Business Ethics and Social Responsibility

Economic Challenges Facing Contemporary Business

Competing in World Markets

Starting Your Own Business: The Entrepreneurship Alternative

Management, Leadership, and the Internal Organization

Human Resource Management: From Recruitment to Labour Relations

Top Performance through Empowerment, Teamwork, and Communication

Production and Operations Management

Customer-Driven Marketing

Product and Distribution Strategies

Promotion and Pricing Strategies

Using Technology to Manage Information

Understanding Accounting and Financial Statements

The Financial System

Financial Management

Filters