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Types of corporations include

Types of corporations include

Answer

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sole, general, and nonprofit.
general, S, statutory close, and nonprofit.
limited, general, nominal, and S.
general, limited, and limited liability.

Question 2

A(n) _____ occurs when two companies agree to combine operations to form a new company.

Answer

limited liability corporation
limited partnership
merger
acquisition

Question 3

The _____ is the business entity in a franchise relationship that allows others to operate a business using resources it supplies in exchange for money and other considerations.

Answer

general corporation
partner
franchisor
franchisee

Question 4

In most states, the document that owners must file in order to form a corporation is referred to as the

Answer

articles of incorporation.
prospectus.
registration statement.
election of incorporation certificate.

Question 5

A _____ is a voluntary agreement between two or more people to jointly own a business.

Answer

sole proprietorship
partnership
corporation
limited liability partnership

Question 6

Based on data gathered from the U.S. Census Bureau, _____ are less common than _____ but they tend to be larger and more profitable than _____.

Answer

corporations; sole proprietorships; sole proprietorships
partnerships; sole proprietorships; sole proprietorships
partnerships; sole proprietorships; corporations
limited liability companies; sole proprietorships; corporations

Question 7

A nonprofit corporation enjoys the benefit of

Answer

earnings that are exempt from state and federal taxes.
guaranteed dividends to shareholders.
exemption from filing paperwork.
limited liability for shareholders.

Question 8

The _____is a relatively new and increasingly popular form of business ownership that is like a corporation in some ways and like a partnership in others.

Answer

joint venture
limited liability company
cooperative
sole proprietorship

 

3 points

Question 9

A _____ merger is the combination of firms in the same industry.

Answer

hostile
conglomerate
vertical
horizontal

Question 10

Stockholders are _____ of a corporation. They have the right to vote on issues affecting the operation of the business.

Answer

creditors
employees
buyers
owners

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