Selected Answer:joint ventureAnswers:sole proprietorshipC corporationconglomeratecooperativejoint ventureQuestion 81 out of 1 pointsIn a sole proprietorship, the owner has complete control over the business. This allows the owner to:Selected Answer:respond quickly to competitive business conditions or tochanges in the economy.Answers:have access to multiple sources of funds.respond quickly to competitive business conditions or tochanges in the economy.match the wages and benefits offered to employees by a large competing corporation.have limited liability in meeting the debts of the business.utilize all profits without paying any taxes.Question 91 out of 1 pointsAn organization composed of individuals or small businesses that havebanded together to reap the benefits of belonging to a larger organization is known as a(n) _____.
Selected Answer:cooperativeAnswers:S corporationmultinational firmsole proprietorshipcooperativegeneral partnershipQuestion 101 out of 1 pointsWhich of the following statements is true of joint ventures?Selected Answer:They are popular in situations that call for large investments.Answers:They are set up not to make profits but to provide service to the community.They are mostly formed to last forever.They are popular in situations that call for large investments.They restrict the number and types of shareholders in the organization.They enjoy reduced government regulations when compared to general partnerships.Question 111 out of 1 pointsAn acquisition occurs when one company purchases another companyby buying most of its stock.Selected Answer:TrueAnswers:TrueFalseQuestion 121 out of 1 pointsWhich of the following statements is true of private corporations?Selected Answer:They are owned and managed by just one or afew people.
Answers:Their stock can be bought or sold by anyone.They are required to disclose financial information publicly.They do not pay taxes on their income.Their workforce usually consists of fewer than 50employees.They are owned and managed by just one or afew people.Question 131 out of 1 pointsIf a firm issues a poison pill when facing a hostile takeover attempt, it:Selected Answer:allows stockholders to buy shares of stock at prices lower than the market value.
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- Fall '16
- carey winset
- Business, Corporation, Types of companies