Exam 5: Forms of Business Ownership and Organization

Complete the following using the terms listed below. -The form of business ownership that establishes the firm as a separate legal entity is the ______.

All of the following are contributions of small businesses EXCEPT

Most small business get their startup capital from

When a government unit owns and operates an organization, the arrangement is known as ______.

More than 97 percent of all Canadian businesses employ

Most small businesses turn a profit within the first year.

Corporations are the most common form of business ownership.

The joining of Chemical Bank and Chase Manhattan Bank was an example of a ______.

Large businesses must be organized as corporations.

The Business Development Bank of Canada (BDC) provides all of the following EXCEPT ______.

______ of goods-producing businesses are small firms.

An acquisition occurs when ______.

In a partnership, each partner is liable for the business-related debts of the other partners.

Large corporations are more likely to hire employees with challenges than small businesses.

Complete the following using the terms listed below. -A(n) ______ is a type of business owned by only a few shareholders and the shares are generally unavailable to outsiders.

Venture Capitalists will only invest in companies when the economy is strong.

Small businesses generate over 50 percent of new jobs.

Define the concept of small business and identify the industries in which small businesses are established.

______ invest in small businesses in return for an ownership share

The number of jobs created each year varies in Canada. However, in many years, ______ of the new jobs created in the economy have been created by companies with fewer than 100 employees.