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Business Law Final Exam

9 Questions
Business Law Quizzes & Trivia
Questions and Answers
  • 1. 
    Capital ( funds and other assets ) provided by the professional, outside investors , to start new business ventures
    • A. 

      Private equity capital

    • B. 

      Retained earnings

    • C. 

      Venture Capital

  • 2. 
    Classes of stock that have priority over common stock both as to payment of dividends and distribution of assets on the corporation's dissolution
    • A. 

      Preferred stock

    • B. 

      Common Stock

    • C. 

      Dividends

  • 3. 
    The portion of a corporation's profits that has not been paid out as dividends to shareholders
    • A. 

      Retained earnings

    • B. 

      Stock

    • C. 

      Venture Capital

  • 4. 
    A designation in the U.S. for a corporation formed in another country but doing business in the U.S.
    • A. 

      Foreign Corporation

    • B. 

      Domestic Corporation

    • C. 

      Alien Corporation

  • 5. 
    In  a given state, a corporation that does business in, and is organized under the laws of , that state.
    • A. 

      Alien Corporation

    • B. 

      Domestic Corporation

    • C. 

      Foreign Corporation

  • 6. 
    In a given state, a corporation that does business in the state without being incorporated therein.
    • A. 

      Domestic Corporation

    • B. 

      Alien Corporation

    • C. 

      Foreign Corporation

  • 7. 
    A corporation whose shareholders are limited to a small group of persons, often including only family members. The rights of the shareholders are usually restricted regarding the transfer of shares to others.
    • A. 

      Close Corporation

    • B. 

      Domestic Corporation

    • C. 

      Alien Corporation

  • 8. 
    A joint undertaking of a specific commercial enterprise by an association of persons. Normally not a legal entity and is treated like a partnership for federal income tax purpose.
    • A. 

      Joint Stock Company

    • B. 

      Joint Venture

    • C. 

      Joint Corporation

  • 9. 
    • A. 

      Syndicate

    • B. 

      Syracate

    • C. 

      Joint Venture