Business Entities and Stakeholders Quiz
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Questions and Answers

Which term refers to conflicts that arise between the interests of managers and stockholders?

  • Stockholder conflicts
  • Control problems
  • Agency problems (correct)
  • Management conflicts

    • What is the primary market?

  • The purchase and sale of shares of stock between two shareholders
  • The sale of stock by a shareholder in the open market
  • The sale of new securities by a corporation on an exchange (correct)
  • The sale of stock by a shareholder in an auction market

    • What are suppliers, customers, and employees of a corporation collectively called?

  • Stockholders
  • Debtors
  • Stakeholders (correct)
  • Shareholders

    • What is a proprietorship?

    <p>A business owned by an individual who has unlimited personal liability</p> Signup and view all the answers

    What is a limited liability form of business ownership?

    <p>A separate legal body formed by an individual who has limited personal liability</p> Signup and view all the answers

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