BUS 100 BUS100 Week 2 Quiz 2 (STRAYER)
BUS 100 Week 2 Quiz 2
This quiz consist of 10 multiple choice questions and covers the material in Chapter 2.
A statutory close (or closed) corporation gives its shareholders
The _____is a relatively new and increasingly popular form of business ownership that is like a corporation in some ways and like a partnership in others.
The _____ is the business entity in a franchise relationship that allows others to operate a business using resources it supplies in exchange for money and other considerations.
A _____ maintains limited liability but offers more flexibility in terms of tax treatment than other forms of business ownership.
Not all corporations are large. In recent years, about 25 percent of corporations have reported less than _____ in total sales revenue.
A key advantage of a corporation is that
A nonprofit corporation enjoys the benefit of
In an acquisition, the firm being purchased is the _____ and the firm which is purchasing the other firm is the _____.
In most states, the document that owners must file in order to form a corporation is referred to as the
A _____ is a voluntary agreement between two or more people to jointly own a business.