Business Structures Answers
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What happens to earnings in a cooperative?
A
They are used to pay middlemen for services.B
They are shared with member owners.C
They are used to buy more stock for members.D
They are shared with customers through dividends.2
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A disadvantage of forming a partnership is that owners
A
can find it tougher to start and stop a business.B
can find it more difficult to get a bank loan.C
are only responsible for their own finances.D
are fully responsible for their partners' losses.3
Analyze the chart, which depicts a typical corporate structure.
A
run the business by electing a board of directors, who then hire the company’s leaders.B
run the business by electing a board of directors and hiring a president and other leaders.C
make business decisions on the advice of a board of directors, a president, and other leaders.D
make business decisions on the advice of a board of directors, who follow the expertise of leaders.4
What role does a fast-food corporation play when it agrees to franchise its business? Select four answers.
A
supply trainingB
license a trademarkC
select a locationD
pay associated feesE
supply advertisingF
collect most profits5
[BLANK]
A
shareholdersB
partnersC
bankersD
board members6
Franchises are attractive to business owners because
A
they have a proven business model.B
they are typically inexpensive to buy.C
they get to keep all profits.D
they come with very little risk.7
[BLANK]
A
feesB
taxesC
insuranceD
interest8
Which are examples of sole proprietorships? Check all that apply.
A
lawyers working for a corporationB
doctors in a partnershipC
independent workersD
franchise restaurants in a partnershipE
tax preparer working his own businessF
freelance writers9
Which document determines the number of shares in a company?
A
a stock prospectusB
an annual bill of rightsC
a corporate charterD
an annual report10
The main advantage that corporations have is
A
limiting liability for owners and stockholders.B
giving many owners a say in business decisions.C
being inexpensive and easy to establish.D
requiring fewer state and federal regulations.Did you find these answers helpful?
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