management quizzes, 20 questions each one due tomorrow another next week. make sure you copy the questions and answers on a word document

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management quizzes, 20 questions each one due tomorrow another next week. make sure you copy the questions and answers on a word document

management quizzes, 20 questions each one due tomorrow another next week. make sure you copy the questions and answers on a word document
Question 1 (1 point)   Saved ListenReadSpeaker webReader: ListenFocus When choosing the proper legal form for you business you should take into account all of the following except Question 1 options: How long you plan to operate the business Your vision regarding the size of your business The level of control you desire Business vulnerability to law suits Question 2 (1 point)   Saved ListenReadSpeaker webReader: Listen The vast majority of businesses start out as a Question 2 options: General partnership Joint venture Proprietorship Corporation Question 3 (1 point)   Saved ListenReadSpeaker webReader: Listen All of the following are reasons to form a partnership Question 3 options: legally difficult to form Easy to raise capital Specialize skills available from each partner Can use ideas and plans of one or more person Question 4 (1 point)   Saved ListenReadSpeaker webReader: Listen According to Paul Lemberg, which of the following mistake that can kill a partnership Question 4 options: 51/49 partnership 49/50 partnership 50/50 partnership 48/52 partnership Question 5 (1 point)   Saved ListenReadSpeaker webReader: Listen A ____ is a business formed and owned by a group of people called stockholders, given special rights, privileges and limited liabilities by law Question 5 options: General partnership Limited partnership C Corporation Corporation Question 6 (1 point)   Saved ListenReadSpeaker webReader: Listen The rights duties and responsibilities of a partnership are detail in which of the following  Question 6 options: Partnership Agreement Bylaws for Partnerships Article of Ownership Articles of copartnership Question 7 (1 point)   Saved ListenReadSpeaker webReader: Listen A ______ agreement, explains how stockholders can buy out each other interest in the article of incorporation Question 7 options: Share swap Shareholder Buy-sell Corporate officer Question 8 (1 point)   Saved ListenReadSpeaker webReader: Listen A form of business ownership receiving growing attention in recent years, with fewer than 100 shareholders Question 8 options: LLC’s Partnership Charters S Corporations Governed Directors Question 9 (1 point)   Saved ListenReadSpeaker webReader: Listen Other legal forms used by small business, include all of the following except Question 9 options: LLC’s LLP’s FLAM’s PSC Question 10 (1 point)   Saved ListenReadSpeaker webReader: Listen If a small business is considering changing it’s initial legal form to another legal form it should consideration all of the following except Question 10 options: The current legal form of the business The major risk associated with the change in form Is unlimited liability a serious potential problem The IRS fee for changing the form of a business Question 11 (1 point)   Saved ListenReadSpeaker webReader: Listen The ____ company combines the advantages of a corporation, such as liability protection, with the benefits of a partnership such as tax advantages Question 11 options: Limited-liability Limited Partnership Profession Service Family Limited Question 12 (1 point)   Saved ListenReadSpeaker webReader: Listen A form of temporary partnership whereby two or more firms join into a single endeavor to make a profit Question 12 options: Cooperation Joint venture Fractional ownership Nonprofit corporation Question 13 (1 point)   Saved ListenReadSpeaker webReader: Listen In a _____ each partner actively participate as an equal in managing the business and being liable for the acts of the other partners  Question 13 options: Limited partnership partnership General partnership Copartnership Question 14 (1 point)   Saved ListenReadSpeaker webReader: Listen A regular corporation that provides the protection of a limited liability for shareholders, but its earnings are taxed at both the corporate and shareholders levels Question 14 options: S Corporation Limited Corporation C Corporation Corporate Charter Question 15 (1 point)   Saved ListenReadSpeaker webReader: Listen One or more general partners conduct the business, while one or more limited partners contribute capital but do not participate in management and are not liable for the debts of the general partners Question 15 options: General partnership Limited partnership Limited C corporation Limited S coporation Question 16 (1 point)   Saved ListenReadSpeaker webReader: Listen Which of the following is a disadvantage of a partnership form of a business Question 16 options: Each partner is responsible for the acts of the other partners Easy to form Can raise more capital Division of labor and management responsibilities Question 17 (1 point)   Saved ListenReadSpeaker webReader: Listen The instrument by which a corporation is formed under the laws of a given state Question 17 options: Buy-sell agreement Corporate charter Article of corporation Stock holder agreement Question 18 (1 point)   Saved ListenReadSpeaker webReader: Listen States what the business can do and provide and provides other organizational and financial information Question 18 options: Corporate charter Limited charter Partnership charter Profession service charter Question 19 (1 point)   Saved ListenReadSpeaker webReader: Listen A business organize for the sole purpose of providing professional service for which each shareholder is licensed Question 19 options: Nonprofit corporation Professional service corporation Limited liability corporation Family-limited  Question 20 (1 point)   Saved ListenReadSpeaker webReader: Listen After Katrina devastated the Gulf Coast, a new housing boom begin, where an individual could by one-eight of a percentage share of an expensive assets Question 20 options: Cooperative ownership Fractional ownership Fractional joint venture none of the above

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