Chapter 8 Review

The art of negotiation between unions and management regarding job matters is referred to as:

When an owner is fully responsible for all the losses and debts of a business, it is called:

Which type of partnership involves at least 1 partner not being active in the daily operations?

Which of the following best illustrates the indirect role of government?

A business jointly owned by 2 or more persons is known as a(an)?

The amount of money borrowed is the:

A business org seen by law as a separate legal entity having all the rights of a individual is:

Which of the following is NOT a disadvantage of a partnership?

Which of the following is not an advantage of a sole proprietorship?

Profit = ?

A business combination of firms involved in different steps of manufacturing is a(n):

Which of the following statements is true?

Basic ownership of a corporation, including voting rights, takes the form of:

Which of the following is NOT a reason why companies merge?

Which of the following is a disadvantage of a sole proprietorship?

What type of org. must have the ability to move their resources across national borders?

What is a major reason for conglomerate mergers?

This regulates the sale of stock in a corporation.

An org run to promote the interests of its members rather than financial gain is a(n)

Which of the following is most likely NOT a nonprofit organization?

A voluntary org. the performs economic activity for the benefit of its members is a(n):

organization of workers formed to represent its members in various work related issues is a(n):

Which of the following forms of business ownership is most common?

Which of the following is an advantage of a corporation?

The document received giving a company the permission to operate as a corporation is a(n):

What form of business organization does this organizational chart represent?

Which of the following are ways in which a corporation raises capital to fund its business?

Which of the following is not one of the three basic forms of business ownership?

Which of the following is not a type of cooperative?

What type of business ownership can own property, be sued, and enter into contracts on its own?