Question 1

Continuity is an advantage of a corporation; however, ease in transferability
is a disadvantage.

Accepted Answer

A) True 
 B)False

Question 2

In a(n)  _____ partnership, a single partner runs the business and any number of other partners have little involvement in it.

Accepted Answer

A)  general
B)  limited
C)  unlimited
D)  corporationE) C) and D)
F) A) and B)

Question 3

A major problem with partnerships is limited liability.Each partner is
personally liable for his or her own actions, but not for the actions of all the
partners.

Accepted Answer

A) True 
 B)False

Question 4

Some corporate founders of Smith Company want to restrict the transferability of their stock and hold it in the hands of only a few individuals who are not
Allowed to sell it to the general public.What type of company is Smith
Company?

Accepted Answer

A)  private corporation
B)  public corporation
C)  restricted corporation
D)  partnershipE) B) and C)
F) All of the above

Question 5

Choosing the right form of business ownership will give the owner everything
he or she desires.

Accepted Answer

A) True 
 B)False

Question 6

Cooperatives can increase profits for its producer-members and lower costs
for its consumer-members.
(

Accepted Answer

A) True 
 B)False

Question 7

Some of the advantages of a sole proprietorship business are that it is easy and
inexpensive to form, there are few government regulations, and the owner has
complete control over his/her business.

Accepted Answer

A) True 
 B)False

Question 8

Corporations account for _____percent of all U.S.businesses but generate almost _____percent of the revenues.

Accepted Answer

A)  50% / 50%
B)  18% / 82%
C)  11% / 68%
D)  63% / 75%E) A) and B)
F) All of the above

Exam 3: Selecting a Form of Business Ownership

Choosing the right form of business ownership will give the owner everything he or she desires.

Correct Answer
verified

Some of the advantages of a sole proprietorship business are that it is easy and inexpensive to form, there are few government regulations, and the owner has complete control over his/her business.

Correct Answer
verified

Continuity is an advantage of a corporation; however, ease in transferability is a disadvantage.

Correct Answer
verified

Corporations account for _percent of all U.S.businesses but generate almost _percent of the revenues.

Correct Answer
verified

In a(n) _____ partnership, a single partner runs the business and any number of other partners have little involvement in it.

Correct Answer
verified

Cooperatives can increase profits for its producer-members and lower costs for its consumer-members. (

Correct Answer
verified

Some corporate founders of Smith Company want to restrict the transferability of their stock and hold it in the hands of only a few individuals who are not Allowed to sell it to the general public.What type of company is Smith Company?

Correct Answer
verified

A major problem with partnerships is limited liability.Each partner is personally liable for his or her own actions, but not for the actions of all the partners.

Correct Answer
verified

Exam 3: Selecting a Form of Business Ownership

Choosing the right form of business ownership will give the owner everything he or she desires.

Correct AnswerverifiedShow Answer

Some of the advantages of a sole proprietorship business are that it is easy and inexpensive to form, there are few government regulations, and the owner has complete control over his/her business.

Correct AnswerverifiedShow Answer

Continuity is an advantage of a corporation; however, ease in transferability is a disadvantage.

Correct AnswerverifiedShow Answer

Corporations account for _____percent of all U.S.businesses but generate almost _____percent of the revenues.

Correct AnswerverifiedShow Answer

In a(n) _____ partnership, a single partner runs the business and any number of other partners have little involvement in it.

Correct AnswerverifiedShow Answer

Cooperatives can increase profits for its producer-members and lower costs for its consumer-members. (

Correct AnswerverifiedShow Answer

Some corporate founders of Smith Company want to restrict the transferability of their stock and hold it in the hands of only a few individuals who are not Allowed to sell it to the general public.What type of company is Smith Company?

Correct AnswerverifiedShow Answer

A major problem with partnerships is limited liability.Each partner is personally liable for his or her own actions, but not for the actions of all the partners.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Corporations account for _percent of all U.S.businesses but generate almost _percent of the revenues.

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified