Podcast
Questions and Answers
What is a common reason why a sole proprietorship is a popular form of business?
What is a common reason why a sole proprietorship is a popular form of business?
- It is taxed more than other forms.
- It is heavily regulated by the government.
- It is easy to form. (correct)
- The proprietor does not have direct control.
What is the term used when a sole proprietor's personal assets can be used to pay business debts?
What is the term used when a sole proprietor's personal assets can be used to pay business debts?
- Unlimited liability (correct)
- Asset liability
- Professional liability
- Business risk
Who are the individuals elected by shareholders to oversee the general operation of a corporation?
Who are the individuals elected by shareholders to oversee the general operation of a corporation?
- Shareholders
- Top managers
- Directors (correct)
- Officers
What characteristic is common among entrepreneurs?
What characteristic is common among entrepreneurs?
Which is the easiest and quickest way to start a business?
Which is the easiest and quickest way to start a business?
What does a private corporation mean?
What does a private corporation mean?
Which of the following scenarios best exemplifies a company with a strong ethical culture?
Which of the following scenarios best exemplifies a company with a strong ethical culture?
Which term refers to the buying or selling of stocks by insiders who possess material information that is still not public?
Which term refers to the buying or selling of stocks by insiders who possess material information that is still not public?
For long-term success, a business must treat its customers, employees, and community with social:
For long-term success, a business must treat its customers, employees, and community with social:
Which of the following is at the peak of the Pyramid of Social Responsibility?
Which of the following is at the peak of the Pyramid of Social Responsibility?
One effective way companies can help curb global warming is by reducing:
One effective way companies can help curb global warming is by reducing:
Of the following options, which is NOT a good way to reduce daily carbon and greenhouse gas output?
Of the following options, which is NOT a good way to reduce daily carbon and greenhouse gas output?
