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- 1. Multiple Choice
Which is a business owned and operated by a single individual?
sole proprietorship
corporation
partnership
retailer
- 2. Multiple Choice
For which are sole proprietors completely responsible?
financial losses
sales of stock
distribution of services
retail sales
- 3. Multiple Choice
Which describes an important difference between general partnerships and limited partnerships?
A general partnership has stockholders while a limited partnership has a small group of investors.
A general partnership has unlimited liability for all partners while a limited partnership has limited liability.
There are a maximum of three partners in a limited partnership while a general partnership can have any number of partners.
Shares in a general partnership can be purchases anywhere while shares in a limited partnership can only be purchased through a stock exchange.
- 4. Multiple Choice
Because of the unlimited liability of all partners, a general partnership most closely resembles which other business type?
sole proprietorship
board of directors
public corporation
limited partnership
- 5. Multiple Choice
Which is an advantage of partnerships over sole proprietorships?
Partnerships establish a democratic system for making business decisions.
Partnerships involve less paperwork and fewer legal fees.
Partnerships generally have more money to invest in starting or expanding a business.
Partnerships protect their investors against business debts incurred by the managers.
- 6. Multiple Choice
Which is an advantage of a limited partnership?
Owners pay no taxes on profits.
All partners have to agree when making business decisions.
Only a small number of investors can be involved.
Each partner is responsible for only a portion of the business's debts.
- 7. Multiple Choice
Which dominates the media industry?
innovative entrepreneurs
monopolistic markets
Internet news sources
media conglomerates
- 8. Multiple Choice
Which type of business is owned by anyone who wants to buy stock?
public corporation
limited partnership
sole proprietorship
private corporation
- 9. Multiple Choice
Which type of business is owned by a small pool of investors?
public corporation
limited partnership
sole proprietorship
private corporation
- 10. Multiple Choice
Which spells out the business model that a company follows?
held files
business plan
corporate charter
partnership contract
- 11. Multiple Choice
Which drives the way a company does business?
business model
type of liability
type of partnership
number of its shares
- 12. Multiple Choice
Which business model is utilized by a grocery store?
shopkeeper
subscription
bricks and clicks
cutting out the middleman
- 13. Multiple Choice
Which business model seeks to reduce distribution expenses?
shopkeeper
subscription
bricks and clicks
cutting out the middleman
- 14. Multiple Choice
The Google business model is driven by the sale of which of the following?
advertisements
books and records
auctioned goods
electronics and computers
- 15. Multiple Choice
Which generates revenue in the Google business model?
instant electronic investment
online subscriptions
click-to-buy purchases
the sale of advertisements
- 16. Multiple Choice
Which distinguishes Google's business model from most other businesses?
success with e-commerce
relaxed corporate culture
abandonment of the profit motive
reluctance to use cost-benefit analysis
- 17. Multiple Choice
Google's relaxed and non-traditional corporate culture is one aspect of which of the following?
business model
profit motive
revenue source
marginal analysis
- 18. Multiple Choice
The addition of the word google to dictionaries demonstrates that Google has been successful at which business strategies?
e-commerce
advertising
branding
production
- 19. Multiple Choice
Which statement indicates why Google has been successful at branding?
Google's business model, "Don't Be Evil," has become a famous corporate motto.
Google is a popular partner for online partnerships.
Google is well-known for its relaxed and non-traditional corporate culture.
Google is a corporate name that has become a common term for "search the Internet."
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