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Management Fundamentals: Business Ownership and Leadership
10 Questions
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Management Fundamentals: Business Ownership and Leadership

Created by
@AppropriateCouplet

Questions and Answers

What percentage of businesses are corporations?

  • 20% (correct)
  • 6%
  • 8%
  • 72%

    • What is a disadvantage of a sole proprietorship?

  • Special taxes
  • More financial resources
  • Easy to attract talent
  • Unlimited liability (correct)

    • What is an advantage of a sole proprietorship?

  • More financial resources
  • Ease of start/end (correct)
  • Unlimited liability
  • Division of profits

    • What type of partnership involves a passive investor?

    <p>Limited Partnership</p> Signup and view all the answers

    What is a benefit of a partnership?

    <p>More financial resources</p> Signup and view all the answers

    What is one of the disadvantages of corporations?

    <p>Two tax returns</p> Signup and view all the answers

    Why did Elon Musk acquire Twitter?

    <p>To exercise his freedom of speech</p> Signup and view all the answers

    What is a characteristic of a corporation?

    <p>Separation of ownership and management</p> Signup and view all the answers

    What happens when a corporation distributes dividends to its stockholders?

    <p>The stockholders are taxed on the dividends</p> Signup and view all the answers

    What is a disadvantage of having a single person holding both the chairman and CEO roles?

    <p>There is a lack of balanced power</p> Signup and view all the answers

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