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Business Organization and Market Structure Review Flashcards | StudBud
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Business Organization and Market Structure Review
Business Organization and Market Structure Review
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1
What is it called when one company buys the majority of the stock of another company?
Franchising
Buyout
Merger
Interlocking directorates
2
Which market structure only has a few companies competing in the industry?
Perfect Competition
Monopolistic Competition
Monopoly
Oligopoly
3
What gives an inventorthe exclusive right to make, use, or sell an invention?
Patent
Copyright
Trademark
Contract
4
Which type of market structure is the most INEFFICIENT?
Monopolistic Competition
Perfect Competition
Monopoly
Oligopoly
5
What is a collusive oligopoly?
Cartel
Partnerships
Joint ventures
Monopoly
6
What is the term for theextent to which competition prevails in a market?
Business Organization
Market Structure
Corporation
Ownership
7
Stocks are part of what business organization?
Franchise
Partnership
Corporation
Sole Proprietorship
8
The LEAST common form of business organizations in America today is _____.
Franchise
Corporation
Sole Proprietorship
Partnership
9
Which type of market structure would a restaurant fit into?
Perfect Competition
Monopolistic Competition
Monopoly
Oligopoly
10
In which market structure is it easiest to start your own business?
Oligopoly
Perfect competition
Monopolistic competition
Monopoly
11
Which types of business organizations have unlimited liability?
Partnerships
Franchises
Corporations
Sole Proprietorships
12
What is the term for the exclusive rights to a creative idea?
Copyright
Design
Contract
Patent
13
In which marketstructure would you expect the products to be nearly identical?
Perfect Competition
Monopoly
Monopolistic Competition
Oligopoly
14
What are laws to prevent new monopolies from forming and tobreak up those that already exist?
Antioligoply
Franchise Agreements
Wall Street Protest
Antitrust Legislation
15
Who owns a corporation?
CFO
Board of Directors
CEO
Stockholders
16
Which of these is NOT an example of imperfect competition?
Perfect Competition
Monopoly
Monopolistic Competition
Oligopoly
17
What type of business organization is represented?
Partnership
Franchise
Sole Proprietorship
Corporation
18
A CEO is only part of what business organization?
Sole Proprietorship
Partnership
Franchise
Corporation
19
What is the term for a person who pays to use another company's name and products?
Franchiser
Corporation
Franchisee
Franchise
20
What type of business organization does this BEST represent?
Partnership
Franchise
Corporation
Sole Proprietorship
21
What type of market structure only has one company?
Oligopoly
Partnership
Perfect Competition
Monopoly
22
What is the term for anowner of a business?
Entrepreneur
Proprietor
King
Investor
23
What is the economic term for a temporary partnership?
Oligopoly
Full Partnership
Joint Venture
Corporation
24
What type of business organization holds the most revenue in America today?
Franchise
Partnership
Corporation
Sole Proprietorship
25
What is the most common form of business organization in America?
Franchise
Sole Proprietorship
Corporation
Partnership
26
Where are the largest stocks in America traded?
Wall Street
Sao Paulo
NYSE
Nasdaq
27
Which of the following is not a key element of every business?
Expenses
Time
Manufacturing
Advertising
28
What is the term for an individual who starts a business?
Inventor
Investor
Proprietor
Entrepreneur