5 Written questions
5 Matching questions
- conglomerate merger
- limited liability partnership
- horizontal merger
- a A combination of two firms that are in the same industry
- b A combination of two firms that are in unrelated industries.
- c A voluntary agreement under which two or more people act as co-owners of a business for profit.
- d A form of partnership in which all partners have the right to participate in management and have limited liability for company debts.
- e The party in a franchise relationship that pays for the right to use resources supplied by the franchisor
5 Multiple choice questions
- A corporation that does not seek to earn a profit and differs in several fundamental respects from general corporations.
- a licensing agreement wherebu a franchisor allows franchisees to use its name, trademark, products, business methods and other property in exchange for monetary payments and other consideration
- When owners are not personally liable for claims against their firm. Limited liability owners may lose their investment in the company, but their personal assets are protected.
- A form of corporation that avoids double taxation by having its income taxed as if it were a partnership.
- A form of business ownership in which the business is considered a legal entity that is separate and distinct from its owners
5 True/False questions
franchise disclosure document (FDD) → The contractual arrangement between a franchisor and franchisee that spells out the duties and responsibilities of both parties.
corporate bylaws → The basic rules governing how a corporation is organized and how it conducts its business
statutory close corporation → A corporation with a limited number of owners that operates under simpler, less formal rules than a C corporation.
C corporation → A form of corporation that avoids double taxation by having its income taxed as if it were a partnership.
acquisition → A corporate restructuring in which one firm buys another.