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Business Structures

Quiz by April MacNamee

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15 questions
Show answers
  • Q1
    owned and operated by a single individual
    sole proprietorship
    multinational
    public corporation
    partnership
    30s
  • Q2
    All our advantages of partnerships except
    more funds
    potential for conflict
    few regulations
    easy to open and close
    30s
  • Q3
    Professional partnerships today are usually
    Franchises
    Limited Liability Parternships
    Limited Partnerships
    General Partnerships
    30s
  • Q4
    Most hotels and fast food chains are
    non-profits
    franchises
    partnerships
    dividends
    30s
  • Q5
    The main advantage of corporations:
    double taxation
    loss of control
    government regulations
    protection from liability
    30s
  • Q6
    Corporations that transcend national borders are
    multinationals
    partnerships
    global leaders
    monopolies
    30s
  • Q7
    If you want to be our own boss and keep all the profits then open a
    franchise
    public corporation
    partnership
    sole proprietorship
    30s
  • Q8
    Franchises come with benefits but are costly to start up and have high fees and royalties
    true
    false
    30s
  • Q9
    Stocks are
    sure way to get rich
    shares of ownership in a company
    money that must be paid back with interest
    money paid out when company is doing well
    30s
  • Q10
    A corporation is a
    legal entity separate from its owners
    LLP
    mulitnational
    vertical merger
    30s
  • Q11
    A disadvantage of a corporation is
    double taxation
    easier to raise funds
    specialization
    unlimited life
    30s
  • Q12
    Corporations issue these to raise money but must pay them back
    stocks
    bonds
    dividends
    loans
    30s
  • Q13
    Example of a Vertical Merger:
    Nike taking over Reebok
    Nike taking over Under Armour
    Autozone
    Nike taking over rubber plant
    30s
  • Q14
    Horizontal mergers take over competition and can often get stopped by the government
    true
    false
    30s
  • Q15
    Non-profits aim to benefit society-not make a profit
    true
    false
    30s

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