Unit 5 Review!

Question 1

What is the money and other valuables that a corporation owns called?

Accepted Answer

Assets

Question 2

What is the benefit of incorporating?

Accepted Answer

Raise more money

Question 3

Who owns a cooperative?

Accepted Answer

Members

Question 4

Which of the following is an advantage of a partnership?

Accepted Answer

Able to raise capital easier

Question 5

Mr. Antosz was a history major in college, but an art museum hires him. What is this called?

Accepted Answer

Screening Effect

Question 6

All of the following are disadvantages of a franchise EXCEPT...

Accepted Answer

Business has a built in reputation

Question 7

A corporation is owned by...

Accepted Answer

Stockholders

Question 8

Which of the following types of business work to benefit society?

Accepted Answer

Non-Profits

Question 9

McDonald's and Burger King coming together to make McKing Donald is what type of merger?

Accepted Answer

Horizontal

Question 10

Mr. Antosz and Ms. Chico go into business together, but Mr. Antosz holds all the liability...

Accepted Answer

Limited Partnership

Question 11

Which of the following is an advantage of a sole proprietorship?

Accepted Answer

Least regulated type of business

Question 12

A _____ is a loan that a corporation can use to raise money

Accepted Answer

Bond

Questions 12