BUS 100 Test 3 || All Questions Answered Correctly.
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Course
BUS 100
Institution
BUS 100
unlimited liability correct answers owner or general partner of business personally responsible for all debts on business
general vs limited partner liability correct answers general - involved in management of business, personally responsible for debts of business
limited - just invests, onl...
BUS 100 Test 3 || All Questions Answered Correctly.
unlimited liability correct answers owner or general partner of business personally responsible for all debts on business
general vs limited partner liability correct answers general - involved in management of business,
personally responsible for debts of business
limited - just invests, only responsible for total amount invested
open vs closed corporation correct answers open - stock can be owned by anyone
closed - stock only owned by certain people
domestic vs foreign corporation correct answers domestic - a corporation operating in the state in
which it is incorporated foreign - a corporation operating in a state in which it is not incorporated
alien corporation correct answers a corporation chartered by a foreign government while conducting business in the USA
common vs preferred stock correct answers common - ownership with a vote preferred - no voting rights, but will get money first
dividends correct answers a distribution of earnings to the stock holders
proxy (2 things) correct answers legal form that lists issues to be settled at stock holders meeting,
and stockholders can transfer voting rights
S - Corporation correct answers corporation taxed as a partnership
not for profit correct answers provides a service than to make a profit
Joint Venture correct answers two or more groups to form a business entity to achieve a specific goal for a period of time
syndicate correct answers a temporary association of individuals or firms organized to perform a specific task that requires a large amount of capital
hostile takeover correct answers a situation in which the management and board of directors of a firm targeted for acquisition disapprove of the merger
tender offer correct answers buy stock of a firm at a price just high enough to encourage current stock holders to sell their shares proxy fight correct answers gather enough stock of a target company
horizontal merger correct answers 2 energy companies
vertical merger correct answers 2 tech companies, usually one firm is supplier of the other
conglomerate correct answers 2 different industry companies
SBA correct answers small business administration - a government agency that assists interests of small businesses in the United States
SCORE correct answers service corps of retired executives - retired people who volunteer their time to small businesses
SBI correct answers small business initiative - groups of seniors and graduate students provide counseling to small businesses
venture capital correct answers money that is invested in small and struggling firms that have potential to be successful
franchise correct answers license to operate an individually owned business as part of a chain
franchising correct answers actual granting of a franchise
franchisor and franchisee correct answers franchisor - granter of a franchise franchisee - given the franchise
most important resource of business correct answers human resources
management process correct answers planning -> organizing -> leading -> controlling
SWOT Analysis correct answers evaluation of Strength, Weaknesses, Opportunities, Threats
size of a small business correct answers less than 500 employees
% splits of businesses correct answers corporations are 20% of businesses, have 80% of all receipts
corporations have perpetual life which means correct answers if owner dies, business keeps going
wholesale business size? correct answers less than 100 employees
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