Question 1

A general partner is responsible for any debts of the partnership, regardless of whether he or she was directly involved in the transaction that created the debt.

Accepted Answer

A) True 
 B)False

Question 2

Because of rising fuel costs, a group of farmers have organised a retail gasoline outlet so they can make more reasonable purchases.This type of business is referred to as a(n)

Accepted Answer

A)   syndicate.
B)   cooperative.
C)   joint venture.
D)   corporation.
E)   S-corporation.F) None of the above
G) C) and D)

Question 3

Which of the following statements is true?

Accepted Answer

A)   Economists and financial analysts agree that mergers are good for the economy.
B)   Takeovers always increase a firm's productivity.
C)   Mergers in the first part of the twenty-first century will see an increase in debt financing.
D)   Mergers in the first part of the twenty-first century will be driven by cash-rich companies looking to acquire businesses that will enhance their position in the marketplace.
E)   There will be fewer mergers that involve investors from other countries.F) A) and B)
G) All of the above

Question 4

When Compaq and Hewlett-Packard decided to become one company, this was an example of a(n)

Accepted Answer

A)   acquisition.
B)   hostile takeover.
C)   horizontal merger.
D)   conglomerate merger.
E)   joint venture.F) B) and C)
G) A) and B)

Question 5

Tiffany is about to finish her degree in business management and wants to find a job that will provide her with opportunities to advance within an organisation.What type of business organisation should Tiffany work for?

Accepted Answer

A)   A sole trader
B)   A small family-owned business that is incorporated
C)   A partnership
D)   A corporation
E)   An unlimited partnershipF) A) and B)
G) C) and D)

Question 6

Joint ventures are created for a specific purpose and dissolved when that purpose is achieved.

Accepted Answer

A) True 
 B)False

Question 7

Kayla purchases shares of ownership in General Electric.These shares are referred to as

Accepted Answer

A)   ownership documents.
B)   stock.
C)   articles of ownership.
D)   incorporation.
E)   corporate certificates.F) B) and E)
G) All of the above

Question 8

A merger between two firms that make and sell similar products in similar markets is known as a

Accepted Answer

A)   horizontal merger.
B)   cooperative.
C)   joint venture.
D)   vertical merger.
E)   conglomerate merger.F) A) and C)
G) A) and E)

Exam 4: Types of Business Ownership

A merger between two firms that make and sell similar products in similar markets is known as a

Correct Answer
verified

When Compaq and Hewlett-Packard decided to become one company, this was an example of a(n)

Correct Answer
verified

Kayla purchases shares of ownership in General Electric.These shares are referred to as

Correct Answer
verified

Tiffany is about to finish her degree in business management and wants to find a job that will provide her with opportunities to advance within an organisation.What type of business organisation should Tiffany work for?

Correct Answer
verified

Because of rising fuel costs, a group of farmers have organised a retail gasoline outlet so they can make more reasonable purchases.This type of business is referred to as a(n)

Correct Answer
verified

Which of the following statements is true?

Correct Answer
verified

A general partner is responsible for any debts of the partnership, regardless of whether he or she was directly involved in the transaction that created the debt.

Correct Answer
verified

Joint ventures are created for a specific purpose and dissolved when that purpose is achieved.

Correct Answer
verified

Exam 4: Types of Business Ownership

A merger between two firms that make and sell similar products in similar markets is known as a

Correct AnswerverifiedShow Answer

When Compaq and Hewlett-Packard decided to become one company, this was an example of a(n)

Correct AnswerverifiedShow Answer

Kayla purchases shares of ownership in General Electric.These shares are referred to as

Correct AnswerverifiedShow Answer

Tiffany is about to finish her degree in business management and wants to find a job that will provide her with opportunities to advance within an organisation.What type of business organisation should Tiffany work for?

Correct AnswerverifiedShow Answer

Because of rising fuel costs, a group of farmers have organised a retail gasoline outlet so they can make more reasonable purchases.This type of business is referred to as a(n)

Correct AnswerverifiedShow Answer

Which of the following statements is true?

Correct AnswerverifiedShow Answer

A general partner is responsible for any debts of the partnership, regardless of whether he or she was directly involved in the transaction that created the debt.

Correct AnswerverifiedShow Answer

Joint ventures are created for a specific purpose and dissolved when that purpose is achieved.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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Correct Answer
verified

Correct Answer
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