Business quiz 4

Aaron Medford has invested $600 in corporate of a manufacturer of offshore oil drilling equipment. If the company goes bankrupt the most Medford could lose would be

$600

Fred Pittman has invested $10,000 in his sons motorcycle repair shop but he takes no part in its management. Pittman is an

Limited partner

The combination of two companies that join to form one company is called

Merger

A___is when two or more companies form a special entity to undertake a specific project usually for specific period of time

Joint venture

The fact that a corporation has limited liability means

Owners liabilities are limited to the amount invested

The two types of cooperatives are

Buyer and seller

Articles of incorporation do not include

A list of all stockholders names

Croutakie seemed like a great idea Chef Leo Nyami and Sara rice decided to take advantage of the popularity of shiitake mushrooms.... become a limited partner this means that No:

Agreed not to participate in day to day management of the firm

Which of the following statements about limited liability companies (LLCs) is three

All of the above statements about LLCs are true

When Linda McAnem began Stirya a new you're based computer services company she ran it as a sole proprietorship. As a sole proprietor McAnem:

Found the business to be easy and inexpensive to form

Croutakie seemed like a great idea. Chef Leo Nyami and Sara rice decided to take advantage of the popularity of shiitake mushrooms and create some shiitake mushrooms products that could be sold to restaurant patrons and other gourmets through their new company.

General partnership

North American Van Lines and allied Van lines combined in a ____merger that will create the world's largest moving company. Prior to the merger North American was the leading company in moving high end

Horizontal

Ease of formation flexibility and diversity of management are advantages of the ___ form of business ownership

Partnership

Of all forms of business ownership corporations account for the largest share of both

Sales and profits

Before selling stock to the public a corporation must register with the

Securities and exchange commission

The first step to incorporating a company is to

Select the company's name

The form of business ownership that is easiest to dissolve is the

Sole proprietorship

The most common form of business organization is the

Sole proprietorship

How does the current boom in mergers and acquisitions differ form ones in earlier years

There is a greater number of us and foreign companies making crossboder