Business Law Exam: Trivia Questions Quiz

9 Questions | Total Attempts: 461

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Business Law Exam: Trivia Questions Quiz

Do you know anything about business law? Do you believe you know how to pass this quiz? Business law is the body of law that applies to the rights of the people. Many different skills are imperative if you want to be a writer. This skill includes critical thinking, negotiation, analytical reasoning, research, and writing skills. If you are studying business law, then this is the quiz for you.


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 have 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 as a partnership for federal income tax purposes.
    • A. 

      Joint Stock Company

    • B. 

      Joint Venture

    • C. 

      Joint Corporation

  • 9. 
    An investment group of persons or firms brought together for the purpose of financing a project that they would not or could not undertake independently.
    • A. 

      Syndicate

    • B. 

      Syracate

    • C. 

      Joint Venture

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