The leaders of the organization should not consider themselves role models for their employees.
A) True
B) False
Answer: B
The leaders of the organization should not consider themselves role models for their employees.
A) True
B) False
Showing posts with label Entrepreneurship Chapter 8. Show all posts
Showing posts with label Entrepreneurship Chapter 8. Show all posts
A) True
B) False
The limited liability company is not automatically taxed as a partnership.
The limited liability company is not automatically taxed as a partnership.
A) True
B) False
Answer: B
In a ______, bonds can be used to raise capital.
In a ______, bonds can be used to raise capital.
A) corporation
B) limited partnership
C) general partnership
D) sole proprietorship
Answer: A
_______ distribute profits to owners through dividends.
_______ distribute profits to owners through dividends.
A) Sole proprietorship
B) General partnerships
C) Limited partnerships
D) Corporations
Answer: D
A sole proprietorship is dissolved in the event of the owner's death.
A sole proprietorship is dissolved in the event of the owner's death.
A) True
B) False
Answer: A
The leaders of the organization need not always consider themselves role models for their employees.
The leaders of the organization need not always consider themselves role models for their employees.
A) True
B) False
Answer: B
The least expensive form of ownership to start is a:
The least expensive form of ownership to start is a:
A) corporation.
B) limited liability company.
C) partnership.
D) sole proprietorship.
Answer: D
A limited liability corporation:
A limited liability corporation:
A) has unlimited liability.
B) is automatically taxed as a partnership.
C) is decreasing in popularity among venture capitalists.
D) had been the most popular choice of organization structure by new ventures and small businesses.
Answer: B
Which of the following ways of distributing the income of corporations is taxed twice?
Which of the following ways of distributing the income of corporations is taxed twice?
A) Bonus
B) Salary
C) Profit sharing
D) Dividends
Answer: D
In a(n) ______________________, only one class of stock is permitted.
In a(n) ______________________, only one class of stock is permitted.
A) sole proprietorship
B) C corporation
C) S corporation
D) partnership
Answer: C
The board of advisors:
The board of advisors:
A) is subject to regulations stipulated in the Sarbanes-Oxley Act.
B) has no legal status.
C) is not advisable in a family-owned business.
D) is likely to meet more frequently.
Answer: B
The proprietor is not personally liable for any aspects of the business.
The proprietor is not personally liable for any aspects of the business.
A) True
B) False
Answer: B
A board of advisors has less decision making authority than a board of directors does.
A board of advisors has less decision making authority than a board of directors does.
A) True
B) False
Answer: A
The most attractive type of business formation for raising capital is partnership.
The most attractive type of business formation for raising capital is partnership.
A) True
B) False
Answer: B
In an S corporation capital gains or losses from the corporation are treated as personal income or losses.
In an S corporation capital gains or losses from the corporation are treated as personal income or losses.
A) True
B) False
Answer: A
Investors usually insist that the management team not operate the business as a part-time venture.
Investors usually insist that the management team not operate the business as a part-time venture.
A) True
B) False
Answer: A
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