Business Law Final Exam
9 Questions
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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.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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