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5 Written questions

5 Matching questions

  1. statutory close corporation
  2. nonprofit corporation
  3. vertical merger
  4. limited partnership
  5. stockholder
  1. a A corporation with a limited number of owners that operates under simpler, less formal rules than a C corporation.
  2. b A combination of firms at different stages in the production of a good or service
  3. c A partnership that includes at least one general partner who actively manages the company and accepts unlimited liability and one limited partner who gives up the right to actively manage the company in exchange for limited liability.
  4. d An owner of a corporation.
  5. e A corporation that does not seek to earn a profit and differs in several fundamental respects from general corporations.

5 Multiple choice questions

  1. The transfer of total or partial ownership of some of a firm's assets to investors or to another company
  2. A form of partnership in which all partners have the right to participate in management and have limited liability for company debts.
  3. 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
  4. A detailed description of all aspects of a franchise that the franchisor must provide to the franchisee at least 14 calendar days before the franchise agreement is signed.
  5. A corporate restructuring that occurs when two formerly independent business entities combine to form a new organization.

5 True/False questions

  1. general partnershipA voluntary agreement under which two or more people act as co-owners of a business and have unlimited liability for any claims against the firm


  2. institutional investorAn organization that pools contributions from investors, clients, or depositors and uses these funds to buy stocks and other securities


  3. franchiseeThe party in a franchise relationship that pays for the right to use resources supplied by the franchisor


  4. franchise agreementThe party in a franchise relationship that pays for the right to use resources supplied by the franchisor


  5. franchisorthe business entity in a franchise relationship that allows others to operate their business using resources it supplies in exchange for money and other considerations


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