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5 Written questions

5 Matching questions

  1. articles of incorporations
  2. conglomerate merger
  3. distributorship
  4. sole proprietorship
  5. horizontal merger
  1. a A form of business ownership with a single owner who usually actively manages the company
  2. b A combination of two firms that are in unrelated industries.
  3. c type of franchising arrangement in which the franchisor makes a product and licenses the franchisee to sell it.
  4. d A combination of two firms that are in the same industry
  5. e The document filed with a state government to establish the existence of a new corporation.

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. The contractual arrangement between a franchisor and franchisee that spells out the duties and responsibilities of both parties.
  3. The individuals who are elected by stock- holders of a corporation to represent their interests
  4. A corporation with a limited number of owners that operates under simpler, less formal rules than a C corporation.
  5. The most common type of business corporation, where ownership offers limited liability to all of its owners, also called stockholders.

5 True/False questions

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

          

  2. limited 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

          

  3. nonprofit corporationThe most common type of business corporation, where ownership offers limited liability to all of its owners, also called stockholders.

          

  4. franchisora 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

          

  5. corporate bylawsThe basic rules governing how a corporation is organized and how it conducts its business