We have sent an email with your new password.

Close this window

Chapter 5 - Options For Organizing Business

33 Questions  I  By Miked
Chapter 5 - Options for Organizing Business
Business 100 practice quiz

  
Changes are done, please start the quiz.


Question Excerpt

Removing question excerpt is a premium feature

Upgrade and get a lot more done!
1.  If you want to go into business for yourself, the easiest way is a sole proprietorship. 
A.
B.
2.  Sole proprietorship typically employ fewer than 50 people. 
A.
B.
3.  Lack of control is a disadvantage of sole proprietorships.
A.
B.
4.  Sole proprietorships have the least degree of secrecy.
A.
B.
5.  A sole proprietorship has limited sources of funds, which may affect the growth of the business.
A.
B.
6.  In the U.S, men are twice as likely as women to start their own business
A.
B.
7.  In a partnership, if the goals of one partner change, the result may be friction and even legal disputes. 
A.
B.
8.  All states require partnerships to have articles of partnership.
A.
B.
9.  Partnerships have fewer regulatory controls than corporations.
A.
B.
10.  In a general partnership, each partner is liable only for the debts he or she incurs. 
A.
B.
11.  In a partnership, all partners are equally liable. 
A.
B.
12.  Corporations cannot be sued. 
A.
B.
13.  In most states, corporations must have "corporation," "incorporated," or "limited" in their names to show that their owners have limited liability. 
A.
B.
14.  Taking a company public means announcing its creation to the public. 
A.
B.
15.  The biggest advantage of the corporate form of ownership may be the limited liability of its owners. 
A.
B.
16.  Preferred stockholders have a preemptive right.
A.
B.
17.  Most tender offers are considered hostile. 
A.
B.
18.  When firms that make and sell similar products to the same customers merge, it is known as a horizontal merger. 
A.
B.
19.  A merger occurs when one company buys another by buying its stock. 
A.
B.
20.  Shark repellent is a method of thwarting a corporate takeover in which management requires a large majority of stockholders to approve the takeover. 
A.
B.
21.  A leveraged buyout is an organization composed of small businesses that have banded together to reap the benefits of belonging to a larger organization. 
A.
B.
22.  The government usually will scrutinize high-profile mergers and acquisitions to ensure that they are not creating monopolies 
A.
B.
23.  A sole proprietorship is a popular form of business because 
A.
B.
C.
D.
E.
24.  One of the most popular and easiest to establish forms of business in the United States is the 
A.
B.
C.
D.
E.
25.  About 80 percent of all businesses in the United States are sole proprietorships, and they earn somewhere around 15 percent of total business income. We may conclude that  A. the average corporation is small, but earns little income.
A.
B.
C.
D.
E.
26.  Which of the following is not a source of funds for a sole proprietorship?
A.
B.
C.
D.
E.
27.  All of the following are advantages of a sole proprietorship except
A.
B.
C.
D.
E.
28.  The following is an advantage of a sole proprietorship:
A.
B.
C.
D.
E.
29.  Jane has discovered that she is bored working for others. She wants to open a business in which she will have maximum control and the least interference from government regulation. Which business form should she use? 
A.
B.
C.
D.
E.
30.  The income earned by sole proprietorships is 
A.
B.
C.
D.
E.
31.  Barber shops, dog kennels, and independent grocery stores are typically 
A.
B.
C.
D.
E.
32.  Which of the following requires owners to perform many functions and possess diverse skills to make decisions? 
A.
B.
C.
D.
E.
33.  Which characteristic of a sole proprietorship can be considered both an advantage and a disadvantage? 
A.
B.
C.
D.
E.
Back to top

Removing ad is a premium feature

Upgrade and get a lot more done!
Take Another Quiz