Business Ownershipi & Entrepreneurship Quiz
Leveraged buyouts
Corporate takeovers financed by a large amount of borrowed money
Which of the following is a reason why small businesses thrives in the US?
Flexibility
Angel investors
Individual investors or groups of experienced investors who provide funding for startup businesses
self-managed work teams
Plan and schedule their own work activities
The C Corportation is another term for
The conventional form of corporation
Franchisee
The purchaser of a franchise is called
Which statement best describes angel investors
They provide funding for startup businesses
S Corporation
To avoid double taxation, a new entrepreneur may elect to organize as a/an
Buyer and Seller
Two types of cooperatives
Bylaws
Which of the following provides the legal and managerial guidelines for operating a firm?
Partners in a general partnership co-own the company's assets
Which of the following statements about a general partnership is true/
It describes in detail the idea for the new business and how it will be operated
Which statement accurately describes a business plan?
Committee
A structure in which authority and responsibility are held by a group of workers rather than a single manager is called a ____ structure
Loose departmentalization
An organic organization has
Intrapreneurs
Are entrepreneurs who apply their creativity, vision, and risk-taking within a large corporation rather than starting a company of their own. They enjoy a high degree of autonomy while receiving a regular salary and financial backing from their employer.
Geography
Coca-Cola Enterprises (CCE) is the largest bottler and distributor of Coke products in the world. It's organized around its North American and European divisions. This departmentalization by _____ allows CCE to respond to the demands of different markets.
The typical problem-solving team
meets regularly to share information and discuss ways to improve processes
Authority
Is the legitimate power granted by the organization and acknowledged by the employees.