Question 1

______ is NOT a strategy for entering international markets.

Accepted Answer

A)  Exporting and importing 
B)  Entering into contract-based agreement such as franchising 
C)  Choosing direct investment in the foreign market through acquisitions 
D)  Signing a free trade agreement 
A)  Exporting and importing 
B)  Entering into contract-based agreement such as franchising 
C)  Choosing direct investment in the foreign market through acquisitions 
D)  Signing a free trade agreement

Question 2

The stock of Old Germany Brewery is totally owned by the Prechter family. When the family elected to move from a sole proprietorship to a corporation, the greatest concern was ______.

Accepted Answer

A)  there might be family squabbles 
B)  how to limit liability 
C)  choosing work assignments 
D)  double taxation 
A)  there might be family squabbles 
B)  how to limit liability 
C)  choosing work assignments 
D)  double taxation

Question 3

What is a business incubator?

Accepted Answer

In recent years, local community agencie

Question 4

Not-for-profit corporations do NOT issue stock certificates and are exempt from paying income taxes.

Accepted Answer

A) True 
 B)False

Question 5

Complete the following using the terms listed below.
-The form of business ownership that is least subject to legal red tape is ______.

Accepted Answer

A) sole proprietorship 
B) small business 
C) corporation 
D) merger 
E) acquisition
F)horizontal merger
G)conglomerate merger
H)cooperative
I)vertical merger
J)business incubators
K)business plan
L)closed corporation
M)preferred stock
N)franchising 
A) sole proprietorship 
B) small business 
C) corporation 
D) merger 
E) acquisition
F)horizontal merger
G)conglomerate merger
H)cooperative
I)vertical merger
J)business incubators
K)business plan
L)closed corporation
M)preferred stock
N)franchising

Question 6

Complete the following using the terms listed below.
-A(n) ______ business consists of owners who join forces to collectively operate all or part of the functions in their industry.

Accepted Answer

A) sole proprietorship 
B) small business 
C) corporation 
D) merger 
E) acquisition
F)horizontal merger
G)conglomerate merger
H)cooperative
I)vertical merger
J)business incubators
K)business plan
L)closed corporation
M)preferred stock
N)franchising 
A) sole proprietorship 
B) small business 
C) corporation 
D) merger 
E) acquisition
F)horizontal merger
G)conglomerate merger
H)cooperative
I)vertical merger
J)business incubators
K)business plan
L)closed corporation
M)preferred stock
N)franchising

Question 7

Which one of the following duties is exclusively the responsibility of the board of directors in a corporation?

Accepted Answer

A)  Manage overall operations. 
B)  Supervise employees. 
C)  Introduce major changes. 
D)  Set overall policy. 
A)  Manage overall operations. 
B)  Supervise employees. 
C)  Introduce major changes. 
D)  Set overall policy.

Question 8

The ______ is most likely an example of public ownership.

Accepted Answer

A)  trucking company 
B)  television company 
C)  movie theater 
D)  city sewer system 
A)  trucking company 
B)  television company 
C)  movie theater 
D)  city sewer system

Question 9

McDonalds offers a contractual business arrangement in various countries around the world. McDonalds is an example of a(n) international ______.

Accepted Answer

A)  merger 
B)  franchise 
C)  acquisition 
D)  not-for-profit corporation 
A)  merger 
B)  franchise 
C)  acquisition 
D)  not-for-profit corporation

Question 10

All of the following are duties of the board of directors of a corporation EXCEPT ______.

Accepted Answer

A)  hiring the corporation's chief executive officer 
B)  authorizing major transactions of the corporation 
C)  guaranteeing the payment of cash dividends every year 
D)  electing its own officers 
A)  hiring the corporation's chief executive officer 
B)  authorizing major transactions of the corporation 
C)  guaranteeing the payment of cash dividends every year 
D)  electing its own officers

Question 11

One strategy for entering international market is by franchising.

Accepted Answer

A) True 
 B)False

Question 12

Horizontal mergers are formed to ensure adequate supplies of raw materials.

Accepted Answer

A) True 
 B)False

Question 13

______ newly launched businesses fail after three years of commencing operations.

Accepted Answer

A)  Less than 10 percent 
B)  About 15 percent 
C)  About 50 percent 
D)  Almost all 
A)  Less than 10 percent 
B)  About 15 percent 
C)  About 50 percent 
D)  Almost all

Question 14

A business plan for a small business typically contains all of the following EXCEPT ______.

Accepted Answer

A)  a statement of the company's goals 
B)  a detailed time frame for achieving goals 
C)  projections of money flows 
D)  a time frame for selling stock to investors 
A)  a statement of the company's goals 
B)  a detailed time frame for achieving goals 
C)  projections of money flows 
D)  a time frame for selling stock to investors

Question 15

Franchising overseas is too difficult for most companies.

Accepted Answer

A) True 
 B)False

Question 16

Small businesses are NOT required to pay taxes for workers' compensation or CPP.

Accepted Answer

A) True 
 B)False

Question 17

Through the Canada Small Business Financing Program (CSBFP) the government guarantees payment for up to 100 percent of money loaned to a small business.

Accepted Answer

A) True 
 B)False

Question 18

Discuss two alternatives to private ownership and give an example of each.

Accepted Answer

Public ownership and cooperatives are al

Question 19

Explain the benefits and drawbacks of buying a franchise.

Accepted Answer

Advantages include the franchisee obtain

Question 20

Securing adequate financing is a major problem for most small businesses.

Accepted Answer

A) True 
 B)False

______ is NOT a strategy for entering international markets.

The stock of Old Germany Brewery is totally owned by the Prechter family. When the family elected to move from a sole proprietorship to a corporation, the greatest concern was ______.

What is a business incubator?

Not-for-profit corporations do NOT issue stock certificates and are exempt from paying income taxes.

Complete the following using the terms listed below. -The form of business ownership that is least subject to legal red tape is ______.

Complete the following using the terms listed below. -A(n) ______ business consists of owners who join forces to collectively operate all or part of the functions in their industry.

Which one of the following duties is exclusively the responsibility of the board of directors in a corporation?

The ______ is most likely an example of public ownership.

McDonalds offers a contractual business arrangement in various countries around the world. McDonalds is an example of a(n) international ______.

All of the following are duties of the board of directors of a corporation EXCEPT ______.

One strategy for entering international market is by franchising.

Horizontal mergers are formed to ensure adequate supplies of raw materials.

______ newly launched businesses fail after three years of commencing operations.

A business plan for a small business typically contains all of the following EXCEPT ______.

Franchising overseas is too difficult for most companies.

Small businesses are NOT required to pay taxes for workers' compensation or CPP.

Through the Canada Small Business Financing Program (CSBFP) the government guarantees payment for up to 100 percent of money loaned to a small business.

Discuss two alternatives to private ownership and give an example of each.

Explain the benefits and drawbacks of buying a franchise.

Securing adequate financing is a major problem for most small businesses.

The Changing Face of Business

Business Ethics and Social Responsibility

Economic Challenges Facing Contemporary Business

Competing in World Markets

Starting Your Own Business: the Entrepreneurship Alternative

Management, Leadership, and the Internal Organization

Human Resource Management: From Recruitment to Labour Relations

Top Performance Through Empowerment, Teamwork, and Communication

Production and Operations Management

Customer-Driven Marketing

Product and Distribution Strategies

Promotion and Pricing Strategies

Using Technology to Manage Information

Understanding Accounting and Financial Statements

The Financial System

Financial Management

Filters

Exam 5: Forms of Business Ownership and Organization

______ is NOT a strategy for entering international markets.

The stock of Old Germany Brewery is totally owned by the Prechter family. When the family elected to move from a sole proprietorship to a corporation, the greatest concern was ______.

What is a business incubator?

Not-for-profit corporations do NOT issue stock certificates and are exempt from paying income taxes.

Complete the following using the terms listed below. -The form of business ownership that is least subject to legal red tape is ______.

Complete the following using the terms listed below. -A(n) ______ business consists of owners who join forces to collectively operate all or part of the functions in their industry.

Which one of the following duties is exclusively the responsibility of the board of directors in a corporation?

The ______ is most likely an example of public ownership.

McDonalds offers a contractual business arrangement in various countries around the world. McDonalds is an example of a(n) international ______.

All of the following are duties of the board of directors of a corporation EXCEPT ______.

One strategy for entering international market is by franchising.

Horizontal mergers are formed to ensure adequate supplies of raw materials.

______ newly launched businesses fail after three years of commencing operations.

A business plan for a small business typically contains all of the following EXCEPT ______.

Franchising overseas is too difficult for most companies.

Small businesses are NOT required to pay taxes for workers' compensation or CPP.

Through the Canada Small Business Financing Program (CSBFP) the government guarantees payment for up to 100 percent of money loaned to a small business.

Discuss two alternatives to private ownership and give an example of each.

Explain the benefits and drawbacks of buying a franchise.

Securing adequate financing is a major problem for most small businesses.

The Changing Face of Business

Business Ethics and Social Responsibility

Economic Challenges Facing Contemporary Business

Competing in World Markets

Starting Your Own Business: the Entrepreneurship Alternative

Management, Leadership, and the Internal Organization

Human Resource Management: From Recruitment to Labour Relations

Top Performance Through Empowerment, Teamwork, and Communication

Production and Operations Management

Customer-Driven Marketing

Product and Distribution Strategies

Promotion and Pricing Strategies

Using Technology to Manage Information

Understanding Accounting and Financial Statements

The Financial System

Financial Management

Filters