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Business Organizations Flashcards | StudBud
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Business Organizations
Business Organizations
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Questions
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Answers
1
A general partner:
is fully responsible for actions of other partners
both
is fully responsible for his/her actions
is not regularly involved
2
Which business is the most aware to consumer demand?
Dunkin' Donuts
None. Donuts are bad for you!
Crispy Cream
Maple Donuts
3
What business has unlimited life?
Corporation
Sole-Proprietorship
Partnership
4
When Disney and Pixar change from being two separate companies to one single company it is a:
Conglomerate
Business exchange
Drop out
Merger
5
A stock that gives you voting rights in the company
Regular Stock
Preferred Stock
Usual Stock
Common Stock
6
What country has the richest corporation in the world?
China
Japan
U.S.
Germany
7
Which kind of business organization has the simplest process of entering the market?
Sole-Proprietorship
Corporation
Partnership
8
The terms of partnership and how possible profits or losses will be divided are put on:
Document of Partnership
Articles of Cooperation
Terms of Cooperation
Articles of Partnership
9
Which business is known for collaborative management?
Corporations
Sole-Proprietorships
Partnerships
10
What type of Merger joins companies that make up the different parts of production?
Vertical Merger
3D Merger
Horizontal Merger
Diagonal Merger
11
What is a positive aspect of multinationals?
Brings a variety of products to a vast amount of consumers
Brings global competition
All apply
Creates higher quality products
12
What shows the REAL profits of a business?
Sales
Cash flows
Cash money!
Net income
13
What is a term that refers to wear and tear on capital goods?
Expenses
Depreciation
Cash flow
Taxes
14
Which business has the hardest time raising capital?
Partnership
Sole-Proprietorship
Corporations
15
What is a fundamental way of growing a business?
Reinvesting profits in the business
Putting profits into the owner's salary
Buying more products
Giving workers pay raises
16
Most shareholders vote
False
True
17
What is the most common form of business in the U.S.?
Lazer Pen Companies
Corporations
Partnerships
Sole Proprietorship
18
Why would a company become a conglomerate?
To expand a firm’s market opportunity
o increase profits
Assure its investments aren’t put at risk with one business
All apply
19
How did McDonalds start out? As a:
Partnership
Sole-Proprietorship
Corporation
20
In order to incorporate, Schock's lemonade business must get permission from:
Both
State Government
National Government
21
What business is the least common type?
Sole-Proprietorships
Corporations
Partnerships
22
Who lost control of his business after he incorporated?
Kevin Plank
Steve Jobs
Bill Gates
23
What is Sony an example of?
Multinational
Sole-Proprietorship
Partnership
Conglomerate
24
What is the equivalent of an IOU?
Dividends
Charters
Stocks
Bonds
