Question 1

The board of directors of a corporation is elected by the _____.

Accepted Answer

A) corporation's employees 
B) bondholders and other creditors 
C) corporate officers 
D) stockholders 
A) corporation's employees 
B) bondholders and other creditors 
C) corporate officers 
D) stockholders

Question 2

Franchises often minimize the amount of expansion opportunities.

Accepted Answer

A) True 
 B)False

Question 3

Most business incubators are run by not-for-profit organizations focused on economic development.

Accepted Answer

A) True 
 B)False

Question 4

Farid is the owner of a small mushroom farm in Pennsylvania.He would like to join hands with other growers to create an organization that will promote and distribute mushrooms.The form of ownership that would be most suited for Farid and other growers will be a(n)_____.

Accepted Answer

A) joint venture 
B) open corporation 
C) government-owned collective 
D) cooperative 
A) joint venture 
B) open corporation 
C) government-owned collective 
D) cooperative

Question 5

CVS Caremark,a healthcare company,recently purchased another firm's Medicaid prescription business.It is an example of a horizontal merger.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following is true of a business with sole proprietorship?

Accepted Answer

A) It involves several owners. 
B) It is difficult to form and dissolve. 
C) Its owner has maximum management flexibility. 
D) Its owner is exempt from corporate franchise taxes. 
A) It involves several owners. 
B) It is difficult to form and dissolve. 
C) Its owner has maximum management flexibility. 
D) Its owner is exempt from corporate franchise taxes.

Question 7

Small businesses generate over 50% of new jobs.

Accepted Answer

A) True 
 B)False

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

Catalina owns 100 _____ stock of NxtGen Solutions,a software firm.It means that she has voting rights on company decisions at NxtGen Solutions,but only residual claims on the company's assets.

Accepted Answer

A) preferred 
B) principal 
C) management 
D) common 
A) preferred 
B) principal 
C) management 
D) common

Question 10

Business plans identify the firm's mission and goals.

Accepted Answer

A) True 
 B)False

Question 11

Most managers of home-based businesses struggle to establish business hours that correspond with customer availability.

Accepted Answer

A) True 
 B)False

Question 12

Sole proprietorship is the most common form of business ownership.

Accepted Answer

A) True 
 B)False

Question 13

Complete the following using the terms listed.
-During a(n)_____,two or more firms combine to form one company.

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 14

The Small Business Administration (SBA)is the major lending source for small businesses needing additional funds.

Accepted Answer

A) True 
 B)False

Question 15

More than half of all small businesses fail within the first year.

Accepted Answer

A) True 
 B)False

Question 16

Why are small businesses especially important to women and minorities?

Accepted Answer

Women,like men,have a variety of reasons

Question 17

Describe how Turning Technologies was formed and how it has benefited the society.

Accepted Answer

Turning Technologies,founded in Youngsto

Question 18

Corporations have all of the following advantages EXCEPT _____.

Accepted Answer

A) favorable tax treatment 
B) limited liability 
C) expanded financial capacity 
D) limited legal risk 
A) favorable tax treatment 
B) limited liability 
C) expanded financial capacity 
D) limited legal risk

Question 19

Complete the following using the terms listed.
-A merger of firms in unrelated industries is called a(n)_____.

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 20

A conglomerate merger is a merger of unrelated firms.

Accepted Answer

A) True 
 B)False

The board of directors of a corporation is elected by the _____.

Franchises often minimize the amount of expansion opportunities.

Most business incubators are run by not-for-profit organizations focused on economic development.

Farid is the owner of a small mushroom farm in Pennsylvania.He would like to join hands with other growers to create an organization that will promote and distribute mushrooms.The form of ownership that would be most suited for Farid and other growers will be a(n)_____.

CVS Caremark,a healthcare company,recently purchased another firm's Medicaid prescription business.It is an example of a horizontal merger.

Which of the following is true of a business with sole proprietorship?

Small businesses generate over 50% of new jobs.

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

Catalina owns 100 _____ stock of NxtGen Solutions,a software firm.It means that she has voting rights on company decisions at NxtGen Solutions,but only residual claims on the company's assets.

Business plans identify the firm's mission and goals.

Most managers of home-based businesses struggle to establish business hours that correspond with customer availability.

Sole proprietorship is the most common form of business ownership.

Complete the following using the terms listed. -During a(n)_____,two or more firms combine to form one company.

The Small Business Administration (SBA)is the major lending source for small businesses needing additional funds.

More than half of all small businesses fail within the first year.

Why are small businesses especially important to women and minorities?

Describe how Turning Technologies was formed and how it has benefited the society.

Corporations have all of the following advantages EXCEPT _____.

Complete the following using the terms listed. -A merger of firms in unrelated industries is called a(n)_____.

A conglomerate merger is a merger of unrelated firms.

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

The board of directors of a corporation is elected by the _____.

Franchises often minimize the amount of expansion opportunities.

Most business incubators are run by not-for-profit organizations focused on economic development.

Farid is the owner of a small mushroom farm in Pennsylvania.He would like to join hands with other growers to create an organization that will promote and distribute mushrooms.The form of ownership that would be most suited for Farid and other growers will be a(n)_____.

CVS Caremark,a healthcare company,recently purchased another firm's Medicaid prescription business.It is an example of a horizontal merger.

Which of the following is true of a business with sole proprietorship?

Small businesses generate over 50% of new jobs.

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

Catalina owns 100 _____ stock of NxtGen Solutions,a software firm.It means that she has voting rights on company decisions at NxtGen Solutions,but only residual claims on the company's assets.

Business plans identify the firm's mission and goals.

Most managers of home-based businesses struggle to establish business hours that correspond with customer availability.

Sole proprietorship is the most common form of business ownership.

Complete the following using the terms listed. -During a(n)_____,two or more firms combine to form one company.

The Small Business Administration (SBA)is the major lending source for small businesses needing additional funds.

More than half of all small businesses fail within the first year.

Why are small businesses especially important to women and minorities?

Describe how Turning Technologies was formed and how it has benefited the society.

Corporations have all of the following advantages EXCEPT _____.

Complete the following using the terms listed. -A merger of firms in unrelated industries is called a(n)_____.

A conglomerate merger is a merger of unrelated firms.

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