World Of Business Quiz: The Corporation

12 Questions | Total Attempts: 817

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World Of Business Quiz: The Corporation

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Questions and Answers
  • 1. 
    A business owned by shareholders is called a corporation or a _____________ company.
    • A. 

      Co-operative

    • B. 

      Limited

    • C. 

      Crown

    • D. 

      Franchise

  • 2. 
    Profit paid to a corporation is called ___________________ .
    • A. 

      Profit

    • B. 

      Shares

    • C. 

      Dividend

    • D. 

      Assets

  • 3. 
    The owners of a corporation are referred to as ____________ .
    • A. 

      Creditors

    • B. 

      Directors

    • C. 

      Shareholders

    • D. 

      Members

  • 4. 
    If a corporation paid out a total of $250 000 in dividends on 25 000 shares, the holder of one share would receive ___________.
    • A. 

      $200

    • B. 

      $100

    • C. 

      $15

    • D. 

      $10

  • 5. 
    The legal document that outlines the set of rules and regulations for a company is called a ______________.
    • A. 

      Stock

    • B. 

      Proxy

    • C. 

      Corporation

    • D. 

      Charter

  • 6. 
    The corporation's ownership is divided up into many small parts, each of which is called a ________ or a ________ .
    • A. 

      Share, stock

    • B. 

      Charter, proxy

    • C. 

      Share, dividend

    • D. 

      Proxy, stock

  • 7. 
    The ______________ sets the policies of the company, determines the particular products or services to be produced, and decides how the profits will be used.
    • A. 

      Executive

    • B. 

      Shareholders

    • C. 

      Board of directors

    • D. 

      Administrators

  • 8. 
    The daily operations of a corporation are managed by the ____________ .
    • A. 

      Executive

    • B. 

      Shareholders

    • C. 

      Board of directors

    • D. 

      Employees

  • 9. 
    A company's executive group is composed of ...
    • A. 

      The board of directors and the shareholders.

    • B. 

      The owners, management, and employees.

    • C. 

      A president, vice-president, secretary, and treasurer.

    • D. 

      Those who have the most proxy votes.

  • 10. 
    The executive group is appointed by the _______________ .
    • A. 

      Shareholders

    • B. 

      The people with the most proxy votes

    • C. 

      The company's charter

    • D. 

      The board of directors

  • 11. 
    One advantage of a corporation is that it  ...
    • A. 

      Makes a larger profit than other types of businesses.

    • B. 

      Has the ability to raise an unlimited amount of capital.

    • C. 

      Is owned by only a few people.

    • D. 

      Allows it's shareholders to have a say in the daily operations of the business.

  • 12. 
    A disadvantage of a corporation is ...
    • A. 

      That executives and shareholders have little personal contact with employees or customers.

    • B. 

      Shareholders make less profit.

    • C. 

      Profits are taxed several times by the government.

    • D. 

      They destroy the environment.

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