Multiple Choice Questions

corporations
  • How do corporations raise money and resources to expand?
  • Which document determines the number of shares a company can sell?
  • Cooperatives save members money by
  • Franchising is typically done by
They agree to sell stocks.
  • How do corporations raise money and resources to expand?
  • A disadvantage of forming a partnership is that owners
  • Which describes the process of how a business incorporates?
  • Which document determines the number of shares a company can sell?
The business must gain government permission and issue a stock sale, followed by a shareholder vote.
  • Which best describes the difference between sole proprietorships and partnerships?
  • Which document determines the number of shares a company can sell?
  • Which describes the process of how a business incorporates?
  • How do corporations raise money and resources to expand?
are fully responsible for their partners' losses.
  • How do corporations raise money and resources to expand?
  • A disadvantage of forming a partnership is that owners
  • Which describes the process of how a business incorporates?
  • Which document determines the number of shares a company can sell?
NOT sharing all profits democratically as a group.
  • Cooperatives save members money by
  • Franchising is typically done by
  • Which describes the process of how a business incorporates?
  • A disadvantage of forming a partnership is that owners
buy the rights from the parent company and invest in a location approved by the parent company.
  • Which describes the process of how a business incorporates?
  • Entrepreneurs who want to open a franchise
  • An entrepreneur who opens a franchise must
  • Cooperatives save members money by
The most common business organizations in the United States arepartnerships.sole proprietorships.corporations.franchises.
  • a
  • d
  • c
  • b
Franchises are attractive to business owners becausethey have a proven business model.they are typically inexpensive to buy. they get to keep all profits.they come with very little risk.
  • d
  • b
  • c
  • a
Which are examples of sole proprietorships? Check all that apply.lawyers working for a corporationdoctors in a partnershipindependent workersfranchise restaurants in a partnershiptax preparer working his own businessfreelance writers
  • 1,4,5
  • c
  • not: c
  • 3,5,6
Which can be considered disadvantages of sole proprietorships and partnerships?Partnerships require many people to write a charter, while sole proprietorships require one person to write a charter.Sole proprietorships require one person to know complicated tax laws, while partnerships require many people to know the rules.Partnerships require one person to do many things, while sole proprietorships require many people to weigh in on decisions.Sole proprietorships require one person to do many things, while partnerships require many people to weigh in on decisions.
  • a
  • d
  • not: c
  • c
A disadvantage of forming a partnership is that ownerscan find it tougher to start and stop a business.can find it more difficult to get a bank loan.are only responsible for their own finances.are fully responsible for their partners' losses.
  • a
  • c
  • b
  • d
People who buy stock in a company are known as .
  • 1,4,5
  • b
  • shareholders
  • not: c
Which document determines the number of shares a company can sell?a stock prospectusan annual bill of rightsa corporate charteran annual report
  • d
  • a
  • c
  • b
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Multiple Choice Questions
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