Question 1

Preferred shareholders typically have voting rights.

Accepted Answer

A) True 
 B)False

Question 2

All of the following are duties of the board of directors of a corporation EXCEPT ________.

Accepted Answer

A) guaranteeing the payment of cash dividends every year 
B) electing its own officers 
C) hiring the corporation's chief executive officer 
D) authorizing major transactions of the corporation 
A) guaranteeing the payment of cash dividends every year 
B) electing its own officers 
C) hiring the corporation's chief executive officer 
D) authorizing major transactions of the corporation

Question 3

Cooperatives rarely exist in the agricultural business field.

Accepted Answer

A) True 
 B)False

Question 4

Women leave large corporations when they feel blocked from opportunities for advancement-when they hit the so-called "glass ceiling."

Accepted Answer

A) True 
 B)False

Question 5

Most of the small businesses today are run by Caucasian males.

Accepted Answer

A) True 
 B)False

Question 6

Small Business Investment Company (SBIC)loans are actually government loans funneled through a private organization.

Accepted Answer

A) True 
 B)False

Question 7

Direct Small Business Administration (SBA)loans are rewarded to owners of small businesses 90% of the time.

Accepted Answer

A) True 
 B)False

Question 8

Sole proprietorships are concentrated mainly in corporations.

Accepted Answer

A) True 
 B)False

Question 9

Small firms often spend 45 percent less per employee than large firms on government paperwork.

Accepted Answer

A) True 
 B)False

Question 10

MATCHING
Complete the following using the terms listed.
-Small businesses can seek financial help and loans from the _____.

Accepted Answer

A) sole proprietorship 
B) small business 
C) C corporation 
D) merger 
E) acquisition
F)horizontal merger
G)conglomerate merger
H)microloan
I)vertical merger
J)joint venture
K)board of directors
L)stockholder
M)preferred stock
N)Small Business Administration (SB
A)  
A) sole proprietorship 
B) small business 
C) C corporation 
D) merger 
E) acquisition
F)horizontal merger
G)conglomerate merger
H)microloan
I)vertical merger
J)joint venture
K)board of directors
L)stockholder
M)preferred stock
N)Small Business Administration (SB
A)

Question 11

MATCHING
Complete the following using the terms listed.
-A(n)_____ occurs when one firm purchases the property and assumes the obligations of another firm.

Accepted Answer

A) sole proprietorship 
B) small business 
C) C corporation 
D) merger 
E) acquisition
F)horizontal merger
G)conglomerate merger
H)microloan
I)vertical merger
J)joint venture
K)board of directors
L)stockholder
M)preferred stock
N)Small Business Administration (SB
A)  
A) sole proprietorship 
B) small business 
C) C corporation 
D) merger 
E) acquisition
F)horizontal merger
G)conglomerate merger
H)microloan
I)vertical merger
J)joint venture
K)board of directors
L)stockholder
M)preferred stock
N)Small Business Administration (SB
A)

Question 12

The majority of all U.S.firms employ:

Accepted Answer

A) more than 5,000 employees 
B) 1,000 to 3,000 employees 
C) 3,000 to 5,000 employees 
D) 500 or fewer employees 
A) more than 5,000 employees 
B) 1,000 to 3,000 employees 
C) 3,000 to 5,000 employees 
D) 500 or fewer employees

Question 13

What percent of U.S.companies are considered small businesses?

Accepted Answer

A) 50% 
B) 25% 
C) 99.7% 
D) 15% 
A) 50% 
B) 25% 
C) 99.7% 
D) 15%

Question 14

United Airlines' purchase of Continental Airlines combines the resources and capabilities of both firms to create the world's largest airline.The newly formed company is an example of a _____________.

Accepted Answer

A) vertical merger 
B) joint venture 
C) horizontal merger 
D) conglomerate merger 
A) vertical merger 
B) joint venture 
C) horizontal merger 
D) conglomerate merger

Question 15

The vast majority of firms have fewer than 500 employees.

Accepted Answer

A) True 
 B)False

Question 16

The joining of Chemical Bank and Chase Manhattan Bank was an example of a ________.

Accepted Answer

A) conglomerate merger 
B) horizontal merger 
C) vertical merger 
D) joint venture 
A) conglomerate merger 
B) horizontal merger 
C) vertical merger 
D) joint venture

Question 17

An acquisition occurs when ________.

Accepted Answer

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

Question 18

Although ______ are the most common type of business ownership,the greatest revenues come from ______.

Accepted Answer

A) sole proprietorships,partnerships 
B) sole proprietorships,corporations 
C) corporations,partnerships 
D) partnerships,corporations 
A) sole proprietorships,partnerships 
B) sole proprietorships,corporations 
C) corporations,partnerships 
D) partnerships,corporations

Question 19

Haseem owns a small business and needs assistance on a variety of issues.The Small Business Administration (SBA)can help him by providing ________.

Accepted Answer

A) an accountant 
B) a business incubator 
C) government procurement 
D) an advertising specialist 
A) an accountant 
B) a business incubator 
C) government procurement 
D) an advertising specialist

Question 20

Why are small businesses especially important to women and minorities?

Accepted Answer

Small businesses are the launching pad f

Preferred shareholders typically have voting rights.

All of the following are duties of the board of directors of a corporation EXCEPT ________.

Cooperatives rarely exist in the agricultural business field.

Women leave large corporations when they feel blocked from opportunities for advancement-when they hit the so-called "glass ceiling."

Most of the small businesses today are run by Caucasian males.

Small Business Investment Company (SBIC)loans are actually government loans funneled through a private organization.

Direct Small Business Administration (SBA)loans are rewarded to owners of small businesses 90% of the time.

Sole proprietorships are concentrated mainly in corporations.

Small firms often spend 45 percent less per employee than large firms on government paperwork.

MATCHING Complete the following using the terms listed. -Small businesses can seek financial help and loans from the _____.

MATCHING Complete the following using the terms listed. -A(n)_____ occurs when one firm purchases the property and assumes the obligations of another firm.

The majority of all U.S.firms employ:

What percent of U.S.companies are considered small businesses?

United Airlines' purchase of Continental Airlines combines the resources and capabilities of both firms to create the world's largest airline.The newly formed company is an example of a _____________.

The vast majority of firms have fewer than 500 employees.

The joining of Chemical Bank and Chase Manhattan Bank was an example of a ________.

An acquisition occurs when ________.

Although are the most common type of business ownership,the greatest revenues come from .

Haseem owns a small business and needs assistance on a variety of issues.The Small Business Administration (SBA)can help him by providing ________.

Why are small businesses especially important to women and minorities?

The Changing Face of Business

Business Ethics and Social Responsibility

Economic Challenges Facing Contemporary Business

Competing in World Markets

Starting Your Own Business

Management, Leadership, and the Internal Organization

Human Resource Management: From Recruitment to Labor 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: Small Business and Forms of Business Ownership

Preferred shareholders typically have voting rights.

All of the following are duties of the board of directors of a corporation EXCEPT ________.

Cooperatives rarely exist in the agricultural business field.

Women leave large corporations when they feel blocked from opportunities for advancement-when they hit the so-called "glass ceiling."

Most of the small businesses today are run by Caucasian males.

Small Business Investment Company (SBIC)loans are actually government loans funneled through a private organization.

Direct Small Business Administration (SBA)loans are rewarded to owners of small businesses 90% of the time.

Sole proprietorships are concentrated mainly in corporations.

Small firms often spend 45 percent less per employee than large firms on government paperwork.

MATCHING Complete the following using the terms listed. -Small businesses can seek financial help and loans from the _____.

MATCHING Complete the following using the terms listed. -A(n)_____ occurs when one firm purchases the property and assumes the obligations of another firm.

The majority of all U.S.firms employ:

What percent of U.S.companies are considered small businesses?

United Airlines' purchase of Continental Airlines combines the resources and capabilities of both firms to create the world's largest airline.The newly formed company is an example of a _____________.

The vast majority of firms have fewer than 500 employees.

The joining of Chemical Bank and Chase Manhattan Bank was an example of a ________.

An acquisition occurs when ________.

Although ______ are the most common type of business ownership,the greatest revenues come from ______.

Haseem owns a small business and needs assistance on a variety of issues.The Small Business Administration (SBA)can help him by providing ________.

Why are small businesses especially important to women and minorities?

The Changing Face of Business

Business Ethics and Social Responsibility

Economic Challenges Facing Contemporary Business

Competing in World Markets

Starting Your Own Business

Management, Leadership, and the Internal Organization

Human Resource Management: From Recruitment to Labor 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

Although are the most common type of business ownership,the greatest revenues come from .