Exam 4: The Organization of an Agribusiness

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Advantage(s) of a strategic alliance is (are)

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In 2006, single proprietorships accounted for 4 percent of total US business receipts.

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The greatest advantage of the corporate form of organization is taxation and regulation.

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In 2006, _____ percent of all US corporations had annual receipts of less than $1 million

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Define what "patronage refunds" are in a cooperative.

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Why is it relatively easy to start a sole proprietorship?

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The legal document of a corporation that specifies such rules of operation as the election of directors, duties of officers and directors, voting procedures, and dissolution procedures is called

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Cooperatives are member---------------------and member ---------------

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A corporation is a special legal entity endowed by law with the powers, rights, liabilities, and duties of a person.

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Each state has what are called "blue-sky laws," which regulate the way in which corporation stock may be sold and which protect the rights of investors.

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An example of a partner that would not be active in management and would not be known to the public would be

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