Business Test 3

Business Test 3 - User Submitted Name Status Score...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
User Christopher Pasquariello Submitted 5/10/10 10:58 PM Name Chapter 4 Status Needs Grading Score 65 out of 100 points Time Elapsed 0 hours, 33 minutes, and 4 seconds out of 0 hours and 30 minutes allowed. Instructions Question 1 0 out of 2.5 points Which of the following statements is true? Selected Answer: Economists and financial analysts agree that mergers are good for the economy. Correct Answer: Mergers in the first part of the twenty-first century will be driven by business logic rather than the lure of quick profits. Question 2 0 out of 2.5 points A corporation whose stock can be purchased by anyone and is traded on stock markets is known as a(n) ___________ corporation. Selected Answer: S- Correct Answer: open Question 3 2.5 out of 2.5 points When Compaq and Hewlett Packard decided to become one company, this was an example of a(n): Selected Answer: horizontal merger Correct Answer: horizontal merger Question 4 2.5 out of 2.5 points Legally, a partnership must: Selected Answer: have at least one general partner Correct Answer: have at least one general partner Question 5 2.5 out of 2.5 points
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
The partner who can lose only what he or she has invested in a business is the: Selected Answer: limited partner Correct Answer: limited partner Question 6 0 out of 2.5 points With regard to taxation of partnerships, which of the following statements is correct? Selected Answer: The partnership is taxed as a separate entity. Correct Answer: Each partner is taxed in the same way as a sole proprietor. Question 7 2.5 out of 2.5 points When incorporating, a business: Selected Answer: may incorporate in any state it chooses Correct Answer: may incorporate in any state it chooses Question 8 2.5 out of 2.5 points What is the significance of the name of "preferred stock"? Selected Answer: Its claims on dividends are paid before those of common stock. Correct Answer: Its claims on dividends are paid before those of common stock. Question 9 2.5 out of 2.5 points A group of farmers have organized a retail gasoline outlet so they can make more reasonable purchases. This type of business is referred to as a(n): Selected Answer: cooperative Correct Answer: cooperative Question 10 0 out of 2.5 points
Background image of page 2
Which of the following is necessary for starting a sole proprietorship? Selected Answer:
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 8

Business Test 3 - User Submitted Name Status Score...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online