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

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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
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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
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Which of the following is necessary for starting a sole proprietorship?
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