World Of Business Quiz: The Corporation

12 Questions | By Zmolls | Last updated: Mar 21, 2022 | Total Attempts: 1253

Questions

Settings

Create your own Quiz

World Of Business Quiz: The Corporation - Quiz

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.