1 / 51

Chapter 3

Chapter 3. Business Organizations and Economic Institutions. Question #1. A business organization in which at least one partner is NOT active in the daily running of the business? A) General Partnership B) Corporation C) Limited Partnership D) Labor Union. Question #1.

collin
Download Presentation

Chapter 3

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Chapter 3 Business Organizations and Economic Institutions

  2. Question #1 • A business organization in which at least one partner is NOT active in the daily running of the business? • A) General Partnership • B) Corporation • C) Limited Partnership • D) Labor Union

  3. Question #1 • A business organization in which at least one partner is NOT active in the daily running of the business? • A) General Partnership • B) Corporation • C) Limited Partnership • D) Labor Union

  4. Question #2 • Represents nonvoting ownership of a corporation? • A) General Partnership • B) Preferred Stock • C) Limited Partnership • D) Common Stock

  5. Question #2 • Represents nonvoting ownership of a corporation? • A) General Partnership • B) Preferred Stock • C) Limited Partnership • D) Common Stock

  6. Question #3 • A business organization in which all partners are responsible for the management and financial obligations of the business? • A) General Partnership • B) Corporation • C) Limited Partnership • D) Labor Union

  7. Question #3 • A business organization in which all partners are responsible for the management and financial obligations of the business? • A) General Partnership • B) Corporation • C) Limited Partnership • D) Labor Union

  8. Question #4 • Represents basic ownership of a corporation, includes voting rights? • A) General Partnership • B) Preferred Stock • C) Limited Partnership • D) Common Stock

  9. Question #4 • Represents basic ownership of a corporation, includes voting rights? • A) General Partnership • B) Preferred Stock • C) Limited Partnership • D) Common Stock

  10. Question #5 • A business organization recognized by law as a separate legal entity having all the rights of an individual? • A) General Partnership • B) Corporation • C) Limited Partnership • D) Labor Union

  11. Question #5 • A business organization recognized by law as a separate legal entity having all the rights of an individual? • A) General Partnership • B) Corporation • C) Limited Partnership • D) Labor Union

  12. Question #6 • What is the most common form of business organization in the United States? • A) Sole proprietorship • B) Partnership • C) Corporation • D) Limited partnership

  13. Question #6 • What is the most common form of business organization in the United States? • A) Sole proprietorship • B) Partnership • C) Corporation • D) Limited partnership

  14. Question #7 • What is the main strength of the corporation form of business organization? • A) Ease of raising financial capital • B) Ease of establishment • C) Ease of management • D) Freedom from business income taxes

  15. Question #7 • What is the main strength of the corporation form of business organization? • A) Ease of raising financial capital • B) Ease of establishment • C) Ease of management • D) Freedom from business income taxes

  16. Question #8 • What term refers to a written promise issued by a corporation to repay borrowed money at a later date? • A) Stock • B) Charter • C) Bond • D) Proxy

  17. Question #8 • What term refers to a written promise issued by a corporation to repay borrowed money at a later date? • A) Stock • B) Charter • C) Bond • D) Proxy

  18. Question #9 • Which of the following is NOT characteristic of the corporate form of organization? • A) Proxy • B) Limited life • C) Limited liability • D) Board of directors

  19. Question #9 • Which of the following is NOT characteristic of the corporate form of organization? • A) Proxy • B) Limited life • C) Limited liability • D) Board of directors

  20. Question #10 • All of the following are strengths of the partnership form of business organization EXCEPT? • A) Ease of management • B) Limited life • C) Ease of establishment • D) Lack of special taxes

  21. Question #10 • All of the following are strengths of the partnership form of business organization EXCEPT? • A) Ease of management • B) Limited life • C) Ease of establishment • D) Lack of special taxes

  22. Question #11 • A business combination involving firms that produce the same kind of product? • A) Vertical merger • B) Conglomerate • C) Multinational • D) Horizontal merger

  23. Question #11 • A business combination involving firms that produce the same kind of product? • A) Vertical merger • B) Conglomerate • C) Multinational • D) Horizontal merger

  24. Question #12 • A firm that has at least four businesses, each making unrelated products, none of which is responsible for a majority of its sales? • A) Vertical merger • B) Conglomerate • C) Multinational • D) Horizontal merger

  25. Question #12 • A firm that has at least four businesses, each making unrelated products, none of which is responsible for a majority of its sales? • A) Vertical merger • B) Conglomerate • C) Multinational • D) Horizontal merger

  26. Question #13 • A corporation that has operations in a number of different countries? • A) Merger • B) Conglomerate • C) Sole proprietorship • D) Multinational

  27. Question #13 • A corporation that has operations in a number of different countries? • A) Merger • B) Conglomerate • C) Sole proprietorship • D) Multinational

  28. Question #14 • A combination of two or more business entities into a single firm? • A) Vertical merger • B) Conglomerate • C) Merger • D) Horizontal merger

  29. Question #14 • A combination of two or more business entities into a single firm? • A) Vertical merger • B) Conglomerate • C) Merger • D) Horizontal merger

  30. Question #15 • A business combination including firms involved in different steps of manufacturing or marketing? • A) Vertical merger • B) Conglomerate • C) Multinational • D) Horizontal merger

  31. Question #15 • A business combination including firms involved in different steps of manufacturing or marketing? • A) Vertical merger • B) Conglomerate • C) Multinational • D) Horizontal merger

  32. Question #16 • All of the following are true of multinational corporations EXCEPT? • A) Multinationals help spread technology • B) Multinationals have no weaknesses • C) Multinationals create new jobs • D) Multinationals produce tax revenue

  33. Question #16 • All of the following are true of multinational corporations EXCEPT? • A) Multinationals help spread technology • B) Multinationals have no weaknesses • C) Multinationals create new jobs • D) Multinationals produce tax revenue

  34. Question #17 • What is a major reason for conglomerate mergers? • A) Diversification • B) Multinationals • C) Unlimited life • D) Conglomeration

  35. Question #17 • What is a major reason for conglomerate mergers? • A) Diversification • B) Multinationals • C) Unlimited life • D) Conglomeration

  36. Question #18 • Which of the following statements is TRUE? • A) All conglomerates are multinationals • B) All multinationals are conglomerates • C) A conglomerate is another term for multinational • D) Multinationals are often conglomerates

  37. Question #18 • Which of the following statements is TRUE? • A) All conglomerates are multinationals • B) All multinationals are conglomerates • C) A conglomerate is another term for multinational • D) Multinationals are often conglomerates

  38. Question #19 • Which are important for their ability to move resources, products, and financial capital across national boundaries with relative ease? • A) Combinations • B) Conglomerates • C) Mergers • D) Multinationals

  39. Question #19 • Which are important for their ability to move resources, products, and financial capital across national boundaries with relative ease? • A) Combinations • B) Conglomerates • C) Mergers • D) Multinationals

  40. Question #20 • Which of the following is NOT a common reason for a business combination? • A) A business wants to be more efficient • B) A business wants to be larger • C) A business wants to change its name • D) A business wants to protect itself against the loss of supplies

  41. Question #20 • Which of the following is NOT a common reason for a business combination? • A) A business wants to be more efficient • B) A business wants to be larger • C) A business wants to change its name • D) A business wants to protect itself against the loss of supplies

  42. Question #21 • Which of the following is an example of a service cooperative? • A) Greenville Teachers’ Credit Union • B) Association of Manufacturing Workers • C) Better Business Bureau • D) Mason Chamber of Commerce

  43. Question #21 • Which of the following is an example of a service cooperative? • A) Greenville Teachers’ Credit Union • B) Association of Manufacturing Workers • C) Better Business Bureau • D) Mason Chamber of Commerce

  44. Question #22 • Which of the following best illustrates the indirect role of government? • A) a state park • B) a city’s fire department • C) the Tennessee Valley Authority (TVA) • D) regulation of public utilities

  45. Question #22 • Which of the following best illustrates the indirect role of government? • A) a state park • B) a city’s fire department • C) the Tennessee Valley Authority (TVA) • D) regulation of public utilities

  46. Question #23 • All of the following are major types of cooperatives EXCEPT? • A) Consumer • B) Government • C) Producer • D) Service

  47. Question #23 • All of the following are major types of cooperatives EXCEPT? • A) Consumer • B) Government • C) Producer • D) Service

  48. Question #24 • What type of economic institution engages in collective bargaining? • A) Labor Union • B) Producer cooperative • C) Nonprofit organization • D) Chamber of commerce

  49. Question #24 • What type of economic institution engages in collective bargaining? • A) Labor Union • B) Producer cooperative • C) Nonprofit organization • D) Chamber of commerce

  50. Question #25 • Why are government controls needed on public utilities? • A) Public utilities are investor or municipal owned • B) Public utilities usually have no competition • C) Public utilities provide important public services • D) Public utilities are responsible for water and electric services

More Related