Question 11 out of 1 pointsWhich of the following forms of business allows for the greatest degree of secrecy?Selected Answer:Sole proprietorshipsAnswers:S CorporationsC CorporationsPartnershipsJoint venturesSole proprietorshipsQuestion 20 out of 1 pointsUnited Movies Inc., a movie production company, and Fox Apparel, a premium clothing brand, joined their businesses together. This is an example of a _____.Selected Answer:vertical mergerAnswers:limited partnershipsole proprietorshipconglomerate mergervertical mergerhorizontal mergerQuestion 31 out of 1 pointsWhich of the following is a difference between limited liability companies (LLCs) and S corporations?Selected Answer:LLCs are very simple to run, whereas S corporations are not.Answers:LLCs provide limited liability to owners, whereas S corporations do not.LLCs are taxed as partnerships, whereas S corporations are taxed as corporations.LLCs are very simple to run, whereas S corporations are not.
LLCs are found only in the United States, whereas S corporations are present worldwide.LLCs require the members to hold meetings, whereas S corporations do not.Question 41 out of 1 pointsWhich of the following forms of business ownership is the easiest to establish?Selected Answer:Sole proprietorshipsAnswers:Joint venturesS CorporationsSole proprietorshipsPartnershipsC CorporationsQuestion 51 out of 1 pointsWhich of the following is an advantage of a sole proprietorship?Selected Answer:It is easy and inexpensive to form.Answers:It is heavily regulated by the government.It is easy and inexpensive to form.It is hard to dissolve.It is unaffected by the death or withdrawal of its owner.It has limited liability for the debts incurred by the business.Question 61 out of 1 pointsWhich of the following items is found in the Model Business Corporation Act issued by the American Bar Association?Selected Answer:Provisions for the regulation of internal corporate affairsAnswers:Guidelines for hiring new employees in a corporationProvisions for promoting an employee within a
corporationInformation about the personal assets of a corporation's stockholdersProvisions for the regulation of internal corporate affairsInformation about salaries of employees in a corporationQuestion 71 out of 1 pointsA(n) _____ is a partnership established for a specific project or for a limited time.
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- Fall '16
- carey winset
- Business, Corporation, Types of companies