Question 1

A cooperative provides members with both cost and profit advantages they would not have individually.

Accepted Answer

A) True 
 B)False

Question 2

If the corporation fails, stockholders are responsible for

Accepted Answer

A)  all of the debts of the corporation 
B)  only the amount owed in dividends 
C)  only the amount invested in the corporation 
D)  only the value of the assets of the corporation 
A)  all of the debts of the corporation 
B)  only the amount owed in dividends 
C)  only the amount invested in the corporation 
D)  only the value of the assets of the corporation

Question 3

Which one of the following statements is true about entrepreneurs?

Accepted Answer

A)  Entrepreneurs would rather work for others. 
B)  Entrepreneurs prefer to assign the decision-making responsibility to employees. 
C)  Entrepreneurs usually work hard and for long hours. 
D)  Entrepreneurs usually give up quickly when their businesses are not immediately successful. 
A)  Entrepreneurs would rather work for others. 
B)  Entrepreneurs prefer to assign the decision-making responsibility to employees. 
C)  Entrepreneurs usually work hard and for long hours. 
D)  Entrepreneurs usually give up quickly when their businesses are not immediately successful.

Question 4

Match each item with the correct statement below.
-Top executive who is hired to manage a business.

Accepted Answer

A) Assets 
B) balance sheet 
C) business plan 
D) Capital 
E) charter
F)close corporation
G)creditors
H)entrepreneur
I)income statement
J)intrapreneur
K)liabilities
L)officer
M)open corporation
N)stockholders 
A) Assets 
B) balance sheet 
C) business plan 
D) Capital 
E) charter
F)close corporation
G)creditors
H)entrepreneur
I)income statement
J)intrapreneur
K)liabilities
L)officer
M)open corporation
N)stockholders

Question 5

Match each item with the correct statement below.
-Corporation that does not offer its shares of stock for public sale.

Accepted Answer

A) Assets 
B) balance sheet 
C) business plan 
D) Capital 
E) charter
F)close corporation
G)creditors
H)entrepreneur
I)income statement
J)intrapreneur
K)liabilities
L)officer
M)open corporation
N)stockholders 
A) Assets 
B) balance sheet 
C) business plan 
D) Capital 
E) charter
F)close corporation
G)creditors
H)entrepreneur
I)income statement
J)intrapreneur
K)liabilities
L)officer
M)open corporation
N)stockholders

Question 6

In a sole proprietorship,

Accepted Answer

A)  creditors have first claim against assets 
B)  there are no employees 
C)  assets are safe from creditors 
D)  employees share in the liabilities 
A)  creditors have first claim against assets 
B)  there are no employees 
C)  assets are safe from creditors 
D)  employees share in the liabilities

Question 7

Stockholders decide when dividends are to be distributed.

Accepted Answer

A) True 
 B)False

Question 8

Quasi-public corporations are often supported by

Accepted Answer

A)  subsidies 
B)  stocks 
C)  dividends 
D)  tariffs 
A)  subsidies 
B)  stocks 
C)  dividends 
D)  tariffs

A cooperative provides members with both cost and profit advantages they would not have individually.

If the corporation fails, stockholders are responsible for

Which one of the following statements is true about entrepreneurs?

Match each item with the correct statement below. -Top executive who is hired to manage a business.

Match each item with the correct statement below. -Corporation that does not offer its shares of stock for public sale.

In a sole proprietorship,

Stockholders decide when dividends are to be distributed.

Quasi-public corporations are often supported by

Managers and Managing

Management, Supervision, and Decision Making

The Manager As Leader

Planning and Organizing

Staffing, Leading, and Controlling

Characteristics of Business

Social and Ethical Environment of Business

Economic Environment of Business

International Environment of Business

Legal Aspects of Business

Technology and Information Management

Organizational Communications

Data Analysis and Decision Making

Business Financial Records

Financing a Business

Financial Services

Credit and Insurance

Managing Production and Operations

Nature and Scope of Marketing

Product Development and Distribution

Pricing and Promotion

Managing Human Resources

Rewarding and Developing Employees

Developing an Effective Organization

Filters

Exam 10: Managing the Form of Business Ownership

A cooperative provides members with both cost and profit advantages they would not have individually.

If the corporation fails, stockholders are responsible for

Which one of the following statements is true about entrepreneurs?

Match each item with the correct statement below. -Top executive who is hired to manage a business.

Match each item with the correct statement below. -Corporation that does not offer its shares of stock for public sale.

In a sole proprietorship,

Stockholders decide when dividends are to be distributed.

Quasi-public corporations are often supported by

Managers and Managing

Management, Supervision, and Decision Making

The Manager As Leader

Planning and Organizing

Staffing, Leading, and Controlling

Characteristics of Business

Social and Ethical Environment of Business

Economic Environment of Business

International Environment of Business

Legal Aspects of Business

Technology and Information Management

Organizational Communications

Data Analysis and Decision Making

Business Financial Records

Financing a Business

Financial Services

Credit and Insurance

Managing Production and Operations

Nature and Scope of Marketing

Product Development and Distribution

Pricing and Promotion

Managing Human Resources

Rewarding and Developing Employees

Developing an Effective Organization

Filters