Exam 6: Forms of Business Ownership

A dance studio and a dancewear manufacturer decide to combine.This type of merger is called a ________.

A limited partner is an owner who assumes no management responsibility and has no liability for losses beyond the amount invested.

Management and ownership roles would most likely be separate in what type of business structure?

In order to expand more quickly and remain competitive,companies integrate other established businesses through the process of mergers or acquisitions.

The Sarbanes-Oxley Act of 2002 was enacted to provide a new set of standards of accountability for ________.