Business Organizations

Question 1

Which type of bus. organization has the advantage of training, support, & financial assistance

Accepted Answer

Franchise

Question 2

Legal entity owned by stockholders, each of whom hold limited liability for the firms debts

Accepted Answer

Corporation

Question 3

Which type of business organization has the advantage of being the only receiver of profit

Accepted Answer

Sole Proprietorship

Question 4

Which type of business organization has the advantage of relatively few regulations

Accepted Answer

Sole Proprietorship

Question 5

Which type of business organization has the advantage of being easy to start and end?

Accepted Answer

Sole Proprietorship

Question 6

Which type of business organization has the disadvantage of a lack of permanence

Accepted Answer

Partnership

Question 7

Which type of business organization has the disadvantage of loss of control

Accepted Answer

Corporation

Question 8

Type of corporation in which stock is held by few people who are usually family

Accepted Answer

closely held corporation

Question 9

Which type of business organization has the disadvantage of having to pay fees and royalties

Accepted Answer

Franchise

Question 10

Corporation in which there are many shareholders who buy and sell stock on an open market

Accepted Answer

publicly held corporation

Question 11

Which type of business organization has the disadvantage of double taxes and heavy regulation

Accepted Answer

Corporation

Question 12

Owned by 2+ persons who agree on a specific division of responsibilities and profits

Accepted Answer

Partnership

Question 13

Which type of business organization has the disadvantage of being difficult to start

Accepted Answer

Corporation

Question 14

Which type of business organization gives advantages to stockholders?

Accepted Answer

Corporation

Question 15

Type of partnership in which all partners share equally in responsibility and liability

Accepted Answer

General Partnership

Question 16

Which type of business organization has the disadvantage of purchasing restrictions

Accepted Answer

Franchise

Question 17

Which type of business organization has the disadvantage of unlimited liability

Accepted Answer

Franchise

Question 18

Which type of business organization has the disadvantage of limited access to resources

Accepted Answer

Sole Proprietorship

Question 19

Which type of business organization has the disadvantage of limited product line

Accepted Answer

Franchise

Question 20

Type of partnership in which 1 partner has unlimited liability and the others only contribute $

Accepted Answer

Limited Partnership

Question 21

Semi-independent business that pays fees to a parent company

Accepted Answer

Franchise

Question 22

Which type of business organization does NOT have an advantage of shared decision making

Accepted Answer

Sole Proprietorship

Question 23

Business owned and managed by a single individual.

Accepted Answer

Sole Proprietorship

Question 24

Which type of business organization has the advantage of being easy to start but not to end?

Accepted Answer

Partnership

Question 25

Type of partnership in which all partners have limited liability in certain situations

Accepted Answer

Limited Liability Partnership

Question 26

Which type of business organization has the advantage of national advertising campaigns

Accepted Answer

Franchise

Business Organizations

Questions 26

Business Organizations

Questions 26