Business Structures
Quiz by April MacNamee
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15 questions
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- Q1owned and operated by a single individualsole proprietorshipmultinationalpublic corporationpartnership30s
- Q2All our advantages of partnerships exceptmore fundspotential for conflictfew regulationseasy to open and close30s
- Q3Professional partnerships today are usuallyFranchisesLimited Liability ParternshipsLimited PartnershipsGeneral Partnerships30s
- Q4Most hotels and fast food chains arenon-profitsfranchisespartnershipsdividends30s
- Q5The main advantage of corporations:double taxationloss of controlgovernment regulationsprotection from liability30s
- Q6Corporations that transcend national borders aremultinationalspartnershipsglobal leadersmonopolies30s
- Q7If you want to be our own boss and keep all the profits then open afranchisepublic corporationpartnershipsole proprietorship30s
- Q8Franchises come with benefits but are costly to start up and have high fees and royaltiestruefalse30s
- Q9Stocks aresure way to get richshares of ownership in a companymoney that must be paid back with interestmoney paid out when company is doing well30s
- Q10A corporation is alegal entity separate from its ownersLLPmulitnationalvertical merger30s
- Q11A disadvantage of a corporation isdouble taxationeasier to raise fundsspecializationunlimited life30s
- Q12Corporations issue these to raise money but must pay them backstocksbondsdividendsloans30s
- Q13Example of a Vertical Merger:Nike taking over ReebokNike taking over Under ArmourAutozoneNike taking over rubber plant30s
- Q14Horizontal mergers take over competition and can often get stopped by the governmenttruefalse30s
- Q15Non-profits aim to benefit society-not make a profittruefalse30s