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MANAGEMENT TEST STUDY GUIDE | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ & PASSED $10.39   Add to cart

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MANAGEMENT TEST STUDY GUIDE | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ & PASSED

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Joint Venture Correct Answer: Two corporations coming together for a limited time partnership [ex. Starbucks in Target] Cooperative Correct Answer: Jointly controlled enterprise to meet the needs of its members [ex. farmers joining forces] S-Corporation Correct Answer: Taxed like a partner...

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  • June 10, 2024
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  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
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MANAGEMENT TEST STUDY GUIDE |
QUESTIONS & ANSWERS (VERIFIED) |
LATEST UPDATE | GRADED A+ &
PASSED




Joint Venture

Correct Answer: Two corporations coming together for a limited time partnership [ex.

Starbucks in Target]



Cooperative

Correct Answer: Jointly controlled enterprise to meet the needs of its members [ex.

farmers joining forces]



S-Corporation

Correct Answer: Taxed like a partnership but has limited liability like a corporation



Non-Profit Corporation

, Correct Answer: Exists not to make a profit



Planning

Correct Answer: Setting goals and deciding how to achieve them



Organizing

Correct Answer: Organizing things and people to increase efficiency



Staffing

Correct Answer: Hiring and recruiting employees



Leading

Correct Answer: Motivating, inspiring and holding meetings so employees have

access to information



Advantages of sole proprietorship

Correct Answer: Easiest to start

Least regulated

Single owner keeps all the profits

Taxed once as personal income



Disadvantages of sole proprietorship

Correct Answer: Unlimited liability

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