Question 1

If business owners in a partnership wish to limit liability,they have the option to _____.

Accepted Answer

A) pledge funds 
B) limit expenditure 
C) set up a limited-liability partnership 
D) dissolve the partnership 
A) pledge funds 
B) limit expenditure 
C) set up a limited-liability partnership 
D) dissolve the partnership

Question 2

One of the disadvantages of partnerships is that:

Accepted Answer

A) the partners are not covered by life insurance. 
B) all partners should have expertise in every area. 
C) the partners are exposed to unlimited financial liability. 
D) they are difficult to form and dissolve. 
A) the partners are not covered by life insurance. 
B) all partners should have expertise in every area. 
C) the partners are exposed to unlimited financial liability. 
D) they are difficult to form and dissolve.

Question 3

The joining of two car manufacturing companies will be an example of a _____.

Accepted Answer

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

Question 4

Sunita is the owner of an electronic repair shop.She creates the marketing strategy for her shop,pays all the required taxes,and is also the only person who enjoys the profits generated by the shop.Sunita's business ownership in this scenario can be regarded as a _____.

Accepted Answer

A) sole proprietorship 
B) partnership 
C) corporation 
D) franchise 
A) sole proprietorship 
B) partnership 
C) corporation 
D) franchise

Question 5

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) small business 
B) corporation 
C) merger 
D) acquisition 
E) horizontal merger
F)conglomerate merger
G)Cooperative
H)vertical merger
I)business incubators
J)business plan
K)alien corporation
L)preferred stock
M)Franchising 
A) small business 
B) corporation 
C) merger 
D) acquisition 
E) horizontal merger
F)conglomerate merger
G)Cooperative
H)vertical merger
I)business incubators
J)business plan
K)alien corporation
L)preferred stock
M)Franchising

Question 6

Almost 90% of U.S.farms are owned by _____.

Accepted Answer

A) the government 
B) large corporations 
C) individual farmers 
D) small corporations 
A) the government 
B) large corporations 
C) individual farmers 
D) small corporations

Question 7

Complete the following using the terms listed.
-A(n)_____ is a type of business ownership formed in one country but that operates in another country.

Accepted Answer

A) small business 
B) corporation 
C) merger 
D) acquisition 
E) horizontal merger
F)conglomerate merger
G)Cooperative
H)vertical merger
I)business incubators
J)business plan
K)alien corporation
L)preferred stock
M)Franchising 
A) small business 
B) corporation 
C) merger 
D) acquisition 
E) horizontal merger
F)conglomerate merger
G)Cooperative
H)vertical merger
I)business incubators
J)business plan
K)alien corporation
L)preferred stock
M)Franchising

Question 8

Which of the following is one of the criteria for borrowers to qualify for a Small Business Administration-backed loan?

Accepted Answer

A) The borrower should not be a financial service provider. 
B) The borrower should not be a home-based business. 
C) The borrower should be unable to secure conventional commercial financing. 
D) The borrower should be a not-for-profit organization that focuses on energy conservation. 
A) The borrower should not be a financial service provider. 
B) The borrower should not be a home-based business. 
C) The borrower should be unable to secure conventional commercial financing. 
D) The borrower should be a not-for-profit organization that focuses on energy conservation.

Question 9

One of the most important tasks for an entrepreneur is to create a business plan.

Accepted Answer

A) True 
 B)False

Question 10

What specialized services does the Small Business Administration (SBA)offer?

Accepted Answer

Today,many government procurement progra

Question 11

Assume that a tech firm decides to invest some of its excess cash by acquiring a coffeehouse chain.This would be a _____.

Accepted Answer

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

Question 12

Martha requires funding for a shopping portal that she launched recently.She wants to secure a government procurement contract to ensure adequate funding.Which of the following organizations can help Martha avail the contract?

Accepted Answer

A) Limited-liability corporation 
B) Center for Women's Business Research 
C) Small Business Administration 
D) International Franchise Association 
A) Limited-liability corporation 
B) Center for Women's Business Research 
C) Small Business Administration 
D) International Franchise Association

Question 13

The maximum number of shareholders is limited to _____ for a firm to qualify as a subchapter S corporation.

Accepted Answer

A) 25 
B) 50 
C) 75 
D) 100 
A) 25 
B) 50 
C) 75 
D) 100

Question 14

The average amount rewarded to owners of small businesses through Small Business Administration (SBA)microloans is $13,000.

Accepted Answer

A) True 
 B)False

Question 15

Many businesses fail during the early years because of _____.

Accepted Answer

A) niche marketers 
B) inadequate financing 
C) unmotivated owners 
D) poor planning 
A) niche marketers 
B) inadequate financing 
C) unmotivated owners 
D) poor planning

Question 16

Joint ventures are not ideal for international companies due to logistics and conflicting business laws.

Accepted Answer

A) True 
 B)False

Question 17

Which of the following statements is true regarding employee-owned corporations?

Accepted Answer

A) The number of employee-owned corporations is declining in the United States. 
B) Employee-owned corporations may not publicly trade their stock. 
C) Employees buy shares of stock in the company that employs them. 
D) Stock prices in employee-owned corporations typically decrease. 
A) The number of employee-owned corporations is declining in the United States. 
B) Employee-owned corporations may not publicly trade their stock. 
C) Employees buy shares of stock in the company that employs them. 
D) Stock prices in employee-owned corporations typically decrease.

Question 18

Out of all forms of business,partnerships are the most challenging to establish.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following is most likely an example of public ownership?

Accepted Answer

A) A movie theater 
B) The city sewer system 
C) A trucking company 
D) A television company 
A) A movie theater 
B) The city sewer system 
C) A trucking company 
D) A television company

Question 20

Not-for-profit corporations do not issue stock certificates and are exempt from paying income taxes.

Accepted Answer

A) True 
 B)False

If business owners in a partnership wish to limit liability,they have the option to _____.

One of the disadvantages of partnerships is that:

The joining of two car manufacturing companies will be an example of a _____.

Sunita is the owner of an electronic repair shop.She creates the marketing strategy for her shop,pays all the required taxes,and is also the only person who enjoys the profits generated by the shop.Sunita's business ownership in this scenario can be regarded as a _____.

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

Almost 90% of U.S.farms are owned by _____.

Complete the following using the terms listed. -A(n)_____ is a type of business ownership formed in one country but that operates in another country.

Which of the following is one of the criteria for borrowers to qualify for a Small Business Administration-backed loan?

One of the most important tasks for an entrepreneur is to create a business plan.

What specialized services does the Small Business Administration (SBA)offer?

Assume that a tech firm decides to invest some of its excess cash by acquiring a coffeehouse chain.This would be a _____.

Martha requires funding for a shopping portal that she launched recently.She wants to secure a government procurement contract to ensure adequate funding.Which of the following organizations can help Martha avail the contract?

The maximum number of shareholders is limited to _____ for a firm to qualify as a subchapter S corporation.

The average amount rewarded to owners of small businesses through Small Business Administration (SBA)microloans is $13,000.

Many businesses fail during the early years because of _____.

Joint ventures are not ideal for international companies due to logistics and conflicting business laws.

Which of the following statements is true regarding employee-owned corporations?

Out of all forms of business,partnerships are the most challenging to establish.

Which of the following is most likely an example of public ownership?

Not-for-profit corporations do not issue stock certificates and are exempt from paying income taxes.

The Changing Face of Business

Business Ethics and Social Responsibility

Economic Challenges Facing Todays Business

Competing in World Markets

Starting Your Own Business: the Entrepreneurship Alternative

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

Trends in E-Commerce

Filters

Exam 5: Forms of Business Ownership and Organization

If business owners in a partnership wish to limit liability,they have the option to _____.

One of the disadvantages of partnerships is that:

The joining of two car manufacturing companies will be an example of a _____.

Sunita is the owner of an electronic repair shop.She creates the marketing strategy for her shop,pays all the required taxes,and is also the only person who enjoys the profits generated by the shop.Sunita's business ownership in this scenario can be regarded as a _____.

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

Almost 90% of U.S.farms are owned by _____.

Complete the following using the terms listed. -A(n)_____ is a type of business ownership formed in one country but that operates in another country.

Which of the following is one of the criteria for borrowers to qualify for a Small Business Administration-backed loan?

One of the most important tasks for an entrepreneur is to create a business plan.

What specialized services does the Small Business Administration (SBA)offer?

Assume that a tech firm decides to invest some of its excess cash by acquiring a coffeehouse chain.This would be a _____.

Martha requires funding for a shopping portal that she launched recently.She wants to secure a government procurement contract to ensure adequate funding.Which of the following organizations can help Martha avail the contract?

The maximum number of shareholders is limited to _____ for a firm to qualify as a subchapter S corporation.

The average amount rewarded to owners of small businesses through Small Business Administration (SBA)microloans is $13,000.

Many businesses fail during the early years because of _____.

Joint ventures are not ideal for international companies due to logistics and conflicting business laws.

Which of the following statements is true regarding employee-owned corporations?

Out of all forms of business,partnerships are the most challenging to establish.

Which of the following is most likely an example of public ownership?

Not-for-profit corporations do not issue stock certificates and are exempt from paying income taxes.

The Changing Face of Business

Business Ethics and Social Responsibility

Economic Challenges Facing Todays Business

Competing in World Markets

Starting Your Own Business: the Entrepreneurship Alternative

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

Trends in E-Commerce

Filters