Podcast
Questions and Answers
What is one of the advantages for a corporation in selling shares?
What is one of the advantages for a corporation in selling shares?
- Becoming tax-exempt
- Increasing time and cost of formation
- Avoiding government regulations
- Strengthening the financial base (correct)
One of the disadvantages of a corporation is:
One of the disadvantages of a corporation is:
- Ability to easily withdraw assets
- No requirement to pay taxes
- Time and cost of formation (correct)
- Exemption from government regulations
What type of business mainly offers professional skills and expertise as its product?
What type of business mainly offers professional skills and expertise as its product?
- Hybrid companies
- Manufacturing companies
- Service companies (correct)
- Merchandising companies
Why are corporations subject to greater government regulations compared to other business forms?
Why are corporations subject to greater government regulations compared to other business forms?
How do shareholders of a corporation typically receive corporate assets?
How do shareholders of a corporation typically receive corporate assets?
What characterizes hybrid businesses?
What characterizes hybrid businesses?
What are the four factors of production?
What are the four factors of production?
Which factor of production involves accepting opportunities and risks of starting and running businesses?
Which factor of production involves accepting opportunities and risks of starting and running businesses?
What do corporations contribute to the economy?
What do corporations contribute to the economy?
What is a disadvantage of a corporation compared to other business structures?
What is a disadvantage of a corporation compared to other business structures?
Which type of business activity involves producing goods or services for sale in the marketplace?
Which type of business activity involves producing goods or services for sale in the marketplace?
What does the factor of capital include in the production process?
What does the factor of capital include in the production process?
What type of company is San Miguel Corporation an example of?
What type of company is San Miguel Corporation an example of?
Which of the following is a disadvantage of a service business compared to a manufacturing company?
Which of the following is a disadvantage of a service business compared to a manufacturing company?
What distinguishes merchandising companies from service businesses?
What distinguishes merchandising companies from service businesses?
Which type of company might be involved in manufacturing, merchandising, and service activities?
Which type of company might be involved in manufacturing, merchandising, and service activities?
In a manufacturing company, raw materials are converted into:
In a manufacturing company, raw materials are converted into:
Which cost is not typically associated with a service business?
Which cost is not typically associated with a service business?
