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19 questions
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- 1. Multiple-choice2 minutes1 pt
A ____________ is a nonprofit service cooperative that accepts deposits, makes loans, and provides other financial services
labor union
corporation
credit union
venture capitalist
- 2. Multiple-choice2 minutes1 pt
_______________ is a form of corporate ownership giving one vote per share for stockholders
Crowdfunding
General partnership
Limited life
Common stock
- 3. Multiple-choice2 minutes1 pt
A _______________ is a organization that works for its members' interests concerning pay, working hours, health coverage, fringe benefits, and other job-related matters
labor union
general partnership
credit union
incubator
- 4. Multiple-choice2 minutes1 pt
______________ is a form of stock without vote, in which stockholders get their investments back before common stockholders do
Crowdfunding
Preferred Stock
Venture capitalist
Labor union
- 5. Multiple-choice2 minutes1 pt
____________ is a situation in which a firm legally ceases to exist when an owner dies or quits, or when a new owner is added
Horizontal merger
General partnership
Limited partnership
Limited life
- 6. Multiple-choice2 minutes1 pt
In a ________________ all partners are equally responsible for management and debts
horizontal merger
incubator
general partnership
credit union
- 7. Multiple-choice2 minutes1 pt
_________________ is a way to use social networking to appeal to potential investors
Venture capitalist
Horizontal merger
Incubator
Crowdfunding
- 8. Multiple-choice2 minutes1 pt
A __________________ is a combination of firms producing the same kind of product
general partnership
horizontal merger
labor union
credit union
- 9. Multiple-choice2 minutes1 pt
An _____________ is a place where entrepreneurs can receive the training to build a successful start-up business
venture capitalist
labor union
incubator
credit union
- 10. Multiple-choice2 minutes1 pt
A ____________ is a lender of investment funds to a start-up business in exchange for partial ownership of the business
venture capitalist
limited life
preferred stock
general partnership
- 11. Multiple-choice2 minutes1 pt
Which of the following is an advantage of sole proprietorship?
There are almost no requirements to start up a sole proprietorship.
The owner makes all the decisions.
The owner keeps all the profits.
All three statements are true.
- 12. Multiple-choice2 minutes1 pt
Limited life applies to _______________
corporations
sole propreitorships
partnerships
franchises
- 13. Multiple-choice2 minutes1 pt
A person who wishes to incorporate a business needs to ________________?
find stockholders
pay the government dividends
file for permission with the government
nothing is required to incorporate
- 14. Multiple-choice2 minutes1 pt
A business’s net income is defined as ______________
total sales before expenses
total income after expenses
total dividends paid to investors
total expenses before sales
- 15. Multiple-choice2 minutes1 pt
When two companies that produce the same kind of product merge, this is called a ________________
multinational merger
horizontal merger
vertical merger
conglomeration
- 16. Multiple-choice2 minutes1 pt
What is the main purpose of incubators?
helping entrepreneurs think of new business ideas
providing entrepreneurs with training to be successful
helping entrepreneurs find investors
providing start up money to a new business in exchange for partial ownership
- 17. Multiple-choice2 minutes1 pt
A venture capitalist’s main goal is usually to ____________
help individuals achieve their dreams
help their communities
get a good return on an investment
teach entrepreneurs managerial skills
- 18. Multiple-choice2 minutes1 pt
Which of the following is true of both nonprofit organizations and for-profit corporations?
They both pay income taxes.
They both pay dividends.
They both use scarce factors of production.
They both issue stock.
- 19. Multiple-choice2 minutes1 pt
Which of the following is true about nonprofit organizations?
The results of their efforts can be analyzed in the same way as for-profit businesses.
They work in a businesslike way to promote member interests.
Most are informal businesses that are not incorporated.
They make up an insignificant part of the economy
