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Chapter 5 Test Review Flashcards | StudBud
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Chapter 5 Test Review
Chapter 5 Test Review
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#MNC #InternationalBusiness
Flashcards
50 cards
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Questions
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Answers
1
The Dallas Cowboys being owned by Jerry Jones is an example of a __________
Multinational Corporation
Sole Proprietorship
Corporation
Partnership
2
An organization that conducts business in several countries
Cooperative
Municipal Corporation
Multinational Corporation
Nonprofit Corporation
3
Management Contracts don't leave the option for a company to leave a country quickly if needed
True
False
4
Selling the right to use some intangible property for a fee or royalty
Licensing
Franchising
Foreign Direct Investment
Management Contract
5
Which of these is NOT an advantage to a sole proprietorship?
Ease of Starting
Have to answer to several people
The owner keeps all profits
Freedom to make business decisions
6
Which of these is NOT an advantage of a corporation?
More sources of funds
Limited life of company
Availability of specialized management
Fixed financial liability of owners
7
Direct Exporting gives a company more control of their business activities
False
True
8
A business owned by its members and operated for their benefit
Cooperative
Multinational Corporation
Municipal Corporation
Nonprofit Corporation
9
The right to use a company name or process in a specific way
Franchise
Wholly Owned Subsidiary
Licensing
Management Contract
10
A business owned by two or more people
Sole Proprietorship
Partnership
Stockholder
Corporation
11
Which of these is NOT a benefit of a joint venture?
Sharing of raw materials and production facilities
Sharing of funds
Sharing control and profit
Sharing of management skills
12
Which of these is NOT a disadvantage to a partnership?
Potential for disagreement
Business is hard to dissolve suddenly
Partners are liable for all debts
Profits are shared between owners
13
When an investor is responsible for the debts of the company up to the amount they invested
Nonprofit Organization
Limited Liability
Charter
Unlimited Liability
14
A business owned by a single person
Sole Proprietorship
Corporation
Partnership
Stockholder
15
A corporation incorporated in a city or town to provide services to citizens
Multinational Corporation
Cooperative
Nonprofit Corporation
Municipal Corporation
16
What is the official language of Angola?
Portuguese
English
Spanish
French
17
According to the book, Sole Proprietorships make up what percentage of sales in the USA?
22%
9%
4%
13%
18
A share of company profits
Stock Certificates
Dividends
Nonprofit Corporation
Charter
19
When a company buys land or other resources in a foreign country
Foreign Direct Investment
Wholly Owned Subsidiary
Franchise
Licensing
20
When did the joint venture between Chrysler and Mitsubishi begin?
1984
1983
1986
1985
21
A situation in which a company sells only management skills
Indirect Exporting
Licensing
Management Contract
Franchising
22
Mazda and Ford sharing parts and assembly plants is an example of a ______
Direct Exporting
Multinational Corporation
Joint Venture
Corporation
23
When a company actively seeks and conducts exporting
Direct Exporting
Franchising
Indirect Exporting
Licensing
24
An agreement between two or more companies to share a business project
Joint Venture
Multinational Corporation
Licensing
Franchise
25
Which of these is NOT a disadvantage of a sole proprietorship?
Potential for long hours and hard work
Limited sources of funds
Unlimited Business Life
Unlimited Risks
26
A document granted by the state or federal government that allows a company to organize
Cooperative
Charter
Nonprofit Organization
Multinational Corporation
27
Owning and operating a McDonald's is an example of a ______ arrangement
Licensing
Franchise
28
An independent company owned by a parent company
Wholly Owned Subsidiary
Foreign Direct Investment
Franchise
Corporation
29
The owners of a corporation
Owners
Stockholders
Shareholders
Dividends
30
Occurs when a company sells its products in a country without any special activity
Direct Exporting
Licensing
Management Contract
Indirect Exporting
31
The difference between money taken in and payments for expenses
Unlimited Liability
Partnership
Net Income
Profit
32
According to the book, partnerships make up what percentage of sales in the United States?
8%
6%
11%
21%
33
Which of these is NOT an advantage to a partnership?
Ease of creation
Availability of different talents
Only one person to make decisions
Additional sources of funds
34
When the owner's personal assets also can be used to pay for any debts of the business
Stockholder
Net Income
Unlimited Liability
Sole Proprietorship
35
According to the book, Corporations makes up for about what % of SALES in the United States?
70%
87%
90%
60%
36
NFL logos on apparel is an example of a _____ arrangement
Franchise
Licensing
37
What is the only African country which has Spanish as an official language?
Senegal
Equatorial Guinea
Ivory Coast
South Africa
38
According to the book, about what percentage of businesses are corporations?
20%
25%
78%
50%
39
Why did Mitsubishi begin operations in the United States?
To export goods and raw materials to Japan
It was fun
The U.S. had more people
It was close by
40
Documents that represent ownership in a corporation
Unlimited Liability
Stockholders
Corporation
Stock Certificates
41
According to the book, about what percentage of businesses are Sole Proprietorships?
28%
41%
65%
71%
42
Which of these is NOT a disadvantage of a corporation?
A difficult creation process
Double taxation on corporation earnings
Owners are usually limited on their control
Shareholders can not be paid
43
A business that operates as a legal entity separate from any of the owners
Partnership
Sole Proprietorship
Dividends
Corporation
44
Which of these is UN true about Multinational Corporations?
Multinational corporations usually don't have much money
The corporation can influence local tax and labor laws
Foreign countries can become dependent on the corporation
Some countries ban corporations from certain countries
45
The official language of Ivory Coast, Senegal, Togo, and Democratic Republic of the Congo is__
English
French
Portuguese
Arabic
46
Which one of these countries was not included in the Asia/Pacific Rim Profile?
India
Vietnam
Bangladesh
Australia
47
The Chicago Cubs being owned by the Ricketts Family is an example of a _______
Corporation
Franchise
Sole Proprietorship
Partnership
48
According to the book, about what percentage of business are partnerships?
9%
6%
15%
23%
49
The official language of Tunisia and Algeria is ______
French
English
Arabic
Spanish
50
In addition to English, what is the other major language of South Africa?
Spanish
Afrikaans
Dutch
French
