Chapter 4 Quiz

A  teenagers

B  Generation Y

C  baby boomers

D  Generation X

E  pre-teens

A  does not have a life separate from its owners

B  cannot sue or be sued

C  does not have a size limitation

D  is one of the easy types of businesses to form

E  ends when the owner of the corporation charter dies

A  joint venture

B  franchise

C  limited liability company

D  C corporation

E  cooperative

A  merger

B  acquisition

C  conglomerate

D  voluntary union

E  joint venture

A  Cooperatives increase their members buying power.

B  Cooperatives have a limited life span.

C  Cooperatives have the same liabilities as partnerships.

D  Cooperatives cannot legally compete with taxable entities.

E  None of the above statements about cooperatives is true.

A  general partnership

B  limited partnership

C  strategic alliance

D  corporation

E  multiple proprietorship

A  buyer and seller

B  public and private

C  member-operated and board-of-director-operated

D  general liability and limited liability

E  retail and wholesale

A  It is easier to dissolve a conglomerate merger than the other types of mergers.

B  Government regulation of conglomerate mergers is minimal.

C  Double taxation does not occur when the merger is with a company outside the normal business environment of the acquiring company.

D  The conglomerate merger results in reduced liability while the other two types of mergers do not.

E  A conglomerate merger is done to reduce risk.

A  limited partnership

B  public corporation

C  sole proprietorship

D  subsidiary

E  cooperative

A  Delaware

B  California

C  Georgia

D  New York

E  Ohio

A  FALSE

B  TRUE

A  TRUE

B  FALSE

A  FALSE

B  TRUE

A  TRUE

B  FALSE

A  FALSE

B  TRUE

A  TRUE

B  FALSE

A  FALSE

B  TRUE

A  FALSE

B  TRUE

A  TRUE

B  FALSE

A  FALSE

B  TRUE