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Q 1/14
Score 0
A business owned by one person
30
sole proprietorship
Q 2/14
Score 0
partnership in which partners share equally in both responsibility and liability
30
general partnership
14 questions
Q.
A business owned by one person
1
30 sec
Q.
partnership in which partners share equally in both responsibility and liability
2
30 sec
Q.
a type of partnership in which all partners are limited partners
3
30 sec
Q.
A business owned by stockholders who share in its profits but are not personally responsible for its debts
4
30 sec
Q.
situation in which a firm ceases to exist when an owner dies, quits, or sells the business
5
30 sec
Q.
If the owner dies or sells his share of the business, the company is typically unaffected and continues to operate; it is an advantage of the corporation
6
30 sec
Q.
A form of business ownership in which the owners are liable only up to the amount of their individual investments.
7
30 sec
Q.
The owner is personally and fully responsible for all losses and debts of the business
8
30 sec
Q.
a corporation pays income taxes on its earnings, and when dividends are distributed to stockholders, the stockholders pay taxes a second time on the corporate dividends they receive
9
30 sec
Q.
A business established or operated under an authorization to sell or distribute a company's goods or services in a particular area
10
30 sec
Q.
A group of diverse companies under common ownership and run as a single organization.
11
30 sec
Q.
combination of two or more firms producing the same kind of product
12
30 sec
Q.
two or more firms involved in different stages of producing the same good or service
