Exam 5: Forms of Business Ownership and Organization

Nikita established a corporation in Nebraska,but she recently moved to Colorado where she now conducts her business.What type of corporation does Nikita own?

A business plan should include résumés of the company's principal owners.

A computer manufacturer purchasing a laptop brand would be an example of a conglomerate merger.

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

When a government unit owns and operates an organization,the arrangement is known as _____.

Owners of small businesses can increase their chances of success if they:

Sole proprietorships have all of the following advantages EXCEPT _____.

What are the advantages of home-based businesses?

Owners of preferred stock receive dividends after owners of common stock.

Which of the following is an advantage of a home-based business?

Which of the following is a function of the board of directors of a corporation?

Laura owns a company that provides laundry services.She ensures that only her family members are the stockholders of her company.She also allows them to control and manage all of the company's activities.In this scenario,Laura owns a _____.

The franchisor provides all of the following services EXCEPT _____.

Proctor & Gamble is an example of a company that has embraced employee ownership.

Taxes and government regulations are more significant issues for small businesses than for large businesses.

The Small Business Administration has programs targeted to minority-owned small businesses.

A small business owner who sells the goods or services of the supplier is known as the franchisor.

How does the Small Business Administration (SBA)provide financial assistance? What are the sources of microloans?

GreenStance is a company that designs and implements innovative water purification solutions using simple and inexpensive methods.All its decision-making focuses on a better environment.While the company manages to make profits,its vision is set beyond financial gains.Its adherence to its goals is verified by a third-party auditor.Which of the following types of corporations does this scenario illustrate?

Breaking up a partnership is more complicated than dissolving a sole proprietorship.