Chptr. 5-6 review final
distributorship
A _____ is a type of franchising arrangement in which the franchisor makes a product and licenses the franchisee to sell it.
owners are not personally responsible for the obligations of the company.
A corporation is a separate entity from its owners where the:
vertical merger
A large film production company merges with a popular sound processing studio, resulting in the formation of a new company out of the two previously independent firms. This is most likely an example of a _____.
a single owner actively manages the company.
A sole proprietorship is a form of business ownership in which:
statutory close corporation
A(n) _____ is a corporation that has limited number of owners that operates under simpler, less formal rules than a C corporation.
limited liability company
A(n) _____ is a form of business ownership that offers both restricted responsibility to its owners and flexible tax treatment.
conglomerate merger
A(n)__________is a combination of two firms that are in unrelated industries.
partnership
A(n)__________is a voluntary agreement under which two or more people act as co-owners of a business for profit.
easier access to funding.
An advantage of franchising is:
nonverbal communication
In the context of active listening, one of the dos for better listening is the use of _____.
target firm
In the context of an acquisition, the firm that is purchased by another firm is called the _____.
noise
In the context of challenges to effective communication, the term _____ refers to any interference that causes the message you send to be different from the message your audience understands.
It begins and ends with preparation.
In the context of creating and delivering successful verbal presentations, which of the following statements is true of dynamic delivery?
communication channels
The various ways in which a message can be sent, ranging from one-on-one in-person meetings to Internet message boards, are called__________.
uses the active voice to facilitate concise communication.
To strike the right tone while writing a business message, it is suggested that an individual:
bulleted list
When writing high-impact messages, a _____ is an invaluable tool that you can use to engage your reader's attention whenever you have more than one of anything in your writing.
Texting
Which of the following communication channels should ideally be used when the content is uncontroversial and a quick response regarding relatively simple issues is required?
Memos
Which of the following communication channels should ideally be used when you must communicate lengthy or detailed uncontroversial information?
In-person presentation
Which of the following communication channels should ideally be used when you need to reach a large audience with an important message?
A C corporation is double taxed, whereas an S corporation is taxed as a partnership.
Which of the following is a difference between a C corporation and an S corporation?
In limited liability partnerships, all the partners actively participate in the management of the company, whereas in limited partnerships, only the general partners actively manage the company.
Which of the following is a difference between limited partnerships and limited liability partnerships?
The negative halo effect
Which of the following is a disadvantage of franchising for a franchisee?
Rudolph fidgets frequently when he delivers a PowerPoint presentation to his sales team.
Which of the following scenarios exemplifies a nonverbal communication that is most likely to have a negative impact on the outcome of a conversation?
Herbert, who maintains eye contact with his employees while talking to them
Who among the following individuals uses nonverbal communication?
Videoconferencing
__________has a high channel richness, and especially with state-of-the-art equipment, it conveys much of the richness of actually being there.
Nonverbal communication
__________is a form of communication that does not involve the use words.