Business Structures Review

Question 1

This business structure offers national advertising and promotional assistance.

Accepted Answer

Franchise

Question 2

Modern form of cooperatives was developed by

Accepted Answer

Britian

Question 3

_____ are extra money made by a corporation thatis given back to the shareholders.

Accepted Answer

Dividends

Question 4

Sole proprietorships can have

Accepted Answer

Employees

Question 5

This type of business structure is operated on a non-profit basis.

Accepted Answer

Cooperative

Question 6

In _______ the business is taxed like apartnership?

Accepted Answer

S Corporation

Question 7

Who votes in sole proprietorship?

Accepted Answer

Individual

Question 8

is a payment made for the use of property, such as a franchise or a patent.

Accepted Answer

Royalty

Question 9

Has unlimited liability

Accepted Answer

Partnership

Question 10

a way to measure the claim or ownership position on a corporation’s assets and profits.

Accepted Answer

Stocks

Question 11

An owner’s liability islimited to his/her investment

Accepted Answer

Corporation

Question 12

Risk of the business is shared

Accepted Answer

Partnership

Question 13

In this type of business structure, the proprietor is responsible for all business debts.

Accepted Answer

Sole Proprietorship

Question 14

Ownership is easily transferred in this business structure.

Accepted Answer

Corporation

Question 15

Top manager related to marketing sales, production, and personnel.

Accepted Answer

Chief Operations Officer

Question 16

Offers training and guidance in the operation and management of the business

Accepted Answer

Franchise

Question 17

A sole proprietorship has direct effect on _____accounts.

Accepted Answer

Personal

Question 18

__ is a business that is treated as a single entity, yet it is owned by several people.

Accepted Answer

Corporation

Question 19

who purchases the right to use the parent company’s name and to sell its established product.

Accepted Answer

Franchisee

Question 20

The first U.S. cooperative was a

Accepted Answer

Service Cooperative

Question 21

Liability is limited to the amount of the investment in this business structure.

Accepted Answer

Cooperative

Question 22

_ is the parent company or entity that sells the right to use its name and to sell its products

Accepted Answer

Franchise

Question 23

This type of business structure is owned by shareholders

Accepted Answer

Corporation

Question 24

___ occurs when one person supplies capitaland has no other role in the decision making.

Accepted Answer

unlimited partnership

Question 25

Responsible for the entire operations of the corporation,and reports directly to the chairman?

Accepted Answer

Chief Executive Officer

Question 26

Commercials and print advertising, premium offers, and effective packaging are benefits.

Accepted Answer

Franchise

Question 27

Sell farm supplies to their members.

Accepted Answer

Purchasing Cooperative

Question 28

Accounting and organization can be extremely difficult

Accepted Answer

Corporation

Question 29

top manager related to financial data and performance.

Accepted Answer

Chief Financial Officer

Question 30

In this business structure quick decisions or change business direction can be made faster.

Accepted Answer

Sole Propietorship

Question 31

Who votes in Partnership

Accepted Answer

Partners

Question 32

In this business structure, profits and losses are divided as agreed

Accepted Answer

Partnership

Question 33

__ is a business organization where the owners are the customers.

Accepted Answer

Cooperative

Question 34

What type of business structure is the simplest form of business organization?

Accepted Answer

Sole Proprietorship

Question 35

Sell their members’ farm products and maximize the return.

Accepted Answer

Marketing Cooperative

Question 36

The liability of owners is limited to the stock purchased.

Accepted Answer

Corporation

Question 37

Requires a written agreement that specifies terms of the partnership is needed.

Accepted Answer

Partnership

Question 38

Who votes in corporations?

Accepted Answer

Stockholders

Question 39

In this business structure, proprietors pool money and assets together to start the business.

Accepted Answer

Partnership

Question 40

Who votes in a cooperative?

Accepted Answer

Members

Business Structures Review

Questions 40

Business Structures Review

Questions 40