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Management Fundamentals: Business Ownership and Leadership

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Management Fundamentals: Business Ownership and Leadership

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Questions and Answers

What percentage of businesses are corporations?

20% (correct)

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?

Limited Partnership Signup and view all the answers

What is a benefit of a partnership?

More financial resources Signup and view all the answers

What is one of the disadvantages of corporations?

Two tax returns Signup and view all the answers

Why did Elon Musk acquire Twitter?

To exercise his freedom of speech Signup and view all the answers

What is a characteristic of a corporation?

Separation of ownership and management Signup and view all the answers

What happens when a corporation distributes dividends to its stockholders?

The stockholders are taxed on the dividends Signup and view all the answers

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

There is a lack of balanced power Signup and view all the answers