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Business Ownership & Administration
Business Ownership & Administration
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Principles of Business - unit 1
Flashcards
29 cards
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Practice quiz
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Questions
29
Answers
1
forms boards to act as governing bodies
Partnership
Corporation
Sole proprietorship
Franchise
2
What is the process of issuing loans in small amounts?
Leasing
Macrolending
Microlending
Granting
3
Amounts of money borrowed which will accumulate interest
Loans
Stocks
Shares
Bonds
4
A partnership is an agreement between 2 + people and is the least common form of business.
False
True
5
Business owned and operated by one individual
corporation
legal entity
limited partnership
sole proprietorship
6
legal agreement between 2 or more people (least common form of business)
Corporation
Franchise
Sole proprietorship
Partnership
7
Which of the following is the $ or other resources needed for a part or parts of a company?
Investment
Finance
Grant
Purchasing cost
8
Patents are usually issued by state governments.
True
Depends
False
9
Groups of individuals who invest money in different companies in search of making a profit
investors
limited partnership
partnership
Angel investors
10
Words or symbols used to specify goods and to differentiate them from others
Patents
Trademarks
Copyrights
Hieroglyphics
11
Unique names which identify internet sites and businesses
trademark
copyright
separate legal entity
domain names
12
Money can also be obtained by a business if they...
borrow in the form of a bond
borrow in the form of a bond
all of the above
buy their own stock
13
Which of the following is a con of franchising?
established business methods
name brand recognition
access to centralized advertising
high start-up costs
14
Small business investment companies...
can only invest in small amounts
do not borrow funds
are not licensed by the SBA
are privately owned and operated
15
Equity capital is raised by...
sales
clients only
advertisements
a business investor
16
Someone who has business experience and will aid in guiding a company to success
Partner
Headquarters
Investor
Mentor
17
The purpose of a venture capital firm is to...
make a business plan for you
have lower rates of return
collect interest
provide a financial cushion
18
An easier and safer alternative to starting a business is
investing in a business
microlending
buying stock
buying an established business
19
Capital wealth comes from property only.
False
True
20
What is the money raised by a business in exchange for a share of ownership of the company?
Venture capital
Debt capital
Investment capital
Equity capital
21
A sole proprietorship is not always owned and operated by one individual.
False
True
22
Physical location of the business should influence the type of ownership chosen.
True
False
23
What is the most complicated form of business?
Corporations
Partnerships
SBIC
Venture capital firms
24
Right or license to sell a company’s product or service at a designated location
Legal entity
Loan
Franchise
Trademark
25
Money in savings which can pay expenses when income may not be accumulating
Loans
Financial cushion
Stocks
Bonds
26
What does the market price of bonds depend on?
Credit quality of the issuer
All of the above
Length of time until expiration
Interest rate
27
what is NOT a type of business ownership?
Franchise
Partnership
Sole proprietorship
Entrepreneurship
28
An advantage to owning a business is...
limited skills
unlimited liability
less taxes
the ability to sell shares
29
Factors that influence the decision of choosing a business operation include
all of the above
earnings distribution
legal restrictions
capital needs
