BUS 100 (DIY) Exam 2 CH 5-9 || All Questions Answered Correctly.
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BUS 100
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BUS 100
acquisition correct answers One company purchasing the property and obligations of another
Conglomerate merger correct answers Joining firms in different industries
horizontal merger correct answers joining firms in the same industry
Conventional (C) Corporation correct answers a state-cha...
BUS 100 (DIY) Exam 2 CH 5-9 || All Questions Answered Correctly.
acquisition correct answers One company purchasing the property and obligations of another
Conglomerate merger correct answers Joining firms in different industries
horizontal merger correct answers joining firms in the same industry
Conventional (C) Corporation correct answers a state-chartered legal entity with authority to act and have liability separate from its owners
S corporation correct answers A unique government creation that looks like a corporation but is taxed like sole proprietorships and partnerships
Corporation correct answers A business that is owned by many investors.
cooperative correct answers a business organization owned and operated by a group of individuals for their mutual benefit
Franchise correct answers A business established or operated under an authorization to sell or distribute a company's goods or services in a particular area
franchise agreement correct answers an arrangement whereby someone with a good idea for a business sells the rights to use the business name and sell a product or service to others in a given
territory
Franchisee correct answers A company that develops a product concept and sells others the rights to make and sell the products.
General Partnership correct answers partnership in which partners share equally in both responsibility and liability
General Partner correct answers Investor (owner) who has liability and management responsibility
Leverage Buyout (LBO) correct answers an attempt by employees, management, or a group of investors to purchase an organization primarily through borrowing
LLC (Limited Liability Company) correct answers Corporation with the benefits of a sole proprietorship, and not many disadvantages.
LLP (Limited Liability Partnership) correct answers all partners are limited partners, managed by
partners (not a board), not responsible for other partners limited partnership correct answers A partnership with one or more general partners and one or more limited partners.
limited partner correct answers Investor partner without liability or management responsibility
Master Limited Partnership (MLP) correct answers A partnership that looks much like a corporation (in that it acts like a corporation and is traded on a stock exchange) but is taxed like a
partnership and thus avoids the corporate income tax.
vertical merger correct answers merging two firms in the same industry but different stages
business plan correct answers a formal written document that describes the nature of a business and how it will operate
enterprise zones correct answers Geographic areas to which governments try to attract business by offering lower taxes and other government support
incubators correct answers centers that offer new businesses low-cost offices with basic business services
Service Corps of Retired Executives (SCORE) correct answers an SBA office with volunteers from industry, trade associations, and education who counsel small businesses at no cost (except for expenses)
SBA (Small Business Administration) correct answers A U.S. government agency that advises and assists SB with management training and financial advice and loans.
SBIC (Small Business Investment Company) correct answers Makes loans under SBA
venture capitalists correct answers Individuals or companies that invest in new businesses in exchange for partial ownership of those businesses.
autocratic leadership correct answers leadership style that involves making managerial decisions without consulting others
conceptual skills correct answers the ability to analyze and diagnose a situation and to distinguish between cause and effect
contingency planning correct answers preparing alternative plans that may be used if the primary
plans don't achieve the organization's goals (backup planning)
Controlling correct answers a management function that involves establishing clear standards to determine whether or not an organization is progressing toward its goals and objectives, rewarding people for doing a good job, and taking corrective action if they are not
enabling correct answers giving workers the education and tools they need to make decisions
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