Podcast
Questions and Answers
Which type of ownership is popular among small businesses?
Which type of ownership is popular among small businesses?
- Partnership
- Sole proprietorship (correct)
- Limited liability company
- Corporation
What is a key advantage of a sole proprietorship?
What is a key advantage of a sole proprietorship?
- Limited managerial perspective
- No employee benefits for the owner
- Resource limitations
- Single layer of taxation (correct)
What is a disadvantage of a sole proprietorship?
What is a disadvantage of a sole proprietorship?
- Privacy
- Fewer limitations on personal income
- Financial liability (correct)
- Flexibility and control
What is a key advantage of a partnership?
What is a key advantage of a partnership?
What is a disadvantage of a partnership?
What is a disadvantage of a partnership?
What is the main difference between a sole proprietorship and a partnership?
What is the main difference between a sole proprietorship and a partnership?
Which type of partnership has one or more general partners who run the business and have unlimited liability, while the remaining owners have limited liability?
Which type of partnership has one or more general partners who run the business and have unlimited liability, while the remaining owners have limited liability?
What type of corporation is sold to anyone who has the means to buy it and its shares are generally sold on the stock market?
What type of corporation is sold to anyone who has the means to buy it and its shares are generally sold on the stock market?
What is the term used to describe all the policies, procedures, relationships, and systems in place to oversee the successful and legal operation of a corporation?
What is the term used to describe all the policies, procedures, relationships, and systems in place to oversee the successful and legal operation of a corporation?
What is the highest-ranking officer of a corporation called?
What is the highest-ranking officer of a corporation called?
What is the term used to describe the acquisition of another company against the wishes of the acquired company's management?
What is the term used to describe the acquisition of another company against the wishes of the acquired company's management?
What is the term used to describe the acquisition of a company's publicly traded stock, using mostly borrowed funds, with the intent of using the acquired company's assets to pay back the loan?
What is the term used to describe the acquisition of a company's publicly traded stock, using mostly borrowed funds, with the intent of using the acquired company's assets to pay back the loan?
Which one of the following best describes a strategic alliance?
Which one of the following best describes a strategic alliance?
What is a joint venture?
What is a joint venture?
What is the main difference between a strategic alliance and a joint venture?
What is the main difference between a strategic alliance and a joint venture?
What is the purpose of a strategic alliance?
What is the purpose of a strategic alliance?
What is the purpose of a joint venture?
What is the purpose of a joint venture?
What is the duration of a strategic alliance?
What is the duration of a strategic alliance?
What is the duration of a joint venture?
What is the duration of a joint venture?
How many companies are involved in a strategic alliance?
How many companies are involved in a strategic alliance?
