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Questions and Answers
What is one of the advantages for a corporation in selling shares?
One of the disadvantages of a corporation is:
What type of business mainly offers professional skills and expertise as its product?
Why are corporations subject to greater government regulations compared to other business forms?
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How do shareholders of a corporation typically receive corporate assets?
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What characterizes hybrid businesses?
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What are the four factors of production?
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Which factor of production involves accepting opportunities and risks of starting and running businesses?
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What do corporations contribute to the economy?
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What is a disadvantage of a corporation compared to other business structures?
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Which type of business activity involves producing goods or services for sale in the marketplace?
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What does the factor of capital include in the production process?
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What type of company is San Miguel Corporation an example of?
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Which of the following is a disadvantage of a service business compared to a manufacturing company?
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What distinguishes merchandising companies from service businesses?
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Which type of company might be involved in manufacturing, merchandising, and service activities?
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In a manufacturing company, raw materials are converted into:
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Which cost is not typically associated with a service business?
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