Question 1

The Sarbanes-Oxley Act of 2002 was enacted to provide a new set of standards of accountability for ________.

Accepted Answer

A)   corporate officers
B)   board of directors
C)   shareholders
D)   business owners
E)   limited liability partnersF) C) and E)
G) B) and D)

Question 2

In order to expand more quickly and remain competitive,companies integrate other established businesses through the process of mergers or acquisitions.

Accepted Answer

A) True 
 B)False

Question 3

Management and ownership roles would most likely be separate in what type of business structure?

Accepted Answer

A)   sole proprietorship
B)   general partnership
C)   corporation
D)   limited liability partnership
E)   unlimited partnershipF) C) and E)
G) C) and D)

Question 4

A limited partner is an owner who assumes no management responsibility and has no liability for losses beyond the amount invested.

Accepted Answer

A) True 
 B)False

Question 5

A dance studio and a dancewear manufacturer decide to combine.This type of merger is called a ________.

Accepted Answer

A)   vertical merger
B)   horizontal merger
C)   product extension merger
D)   conglomeration
E)   market extension mergerF) C) and D)
G) A) and E)

Exam 6: Forms of Business Ownership

In order to expand more quickly and remain competitive,companies integrate other established businesses through the process of mergers or acquisitions.

Correct Answer
verified

A limited partner is an owner who assumes no management responsibility and has no liability for losses beyond the amount invested.

Correct Answer
verified

The Sarbanes-Oxley Act of 2002 was enacted to provide a new set of standards of accountability for ________.

Correct Answer
verified

A dance studio and a dancewear manufacturer decide to combine.This type of merger is called a ________.

Correct Answer
verified

Management and ownership roles would most likely be separate in what type of business structure?

Correct Answer
verified

Exam 6: Forms of Business Ownership

In order to expand more quickly and remain competitive,companies integrate other established businesses through the process of mergers or acquisitions.

Correct AnswerverifiedShow Answer

A limited partner is an owner who assumes no management responsibility and has no liability for losses beyond the amount invested.

Correct AnswerverifiedShow Answer

The Sarbanes-Oxley Act of 2002 was enacted to provide a new set of standards of accountability for ________.

Correct AnswerverifiedShow Answer

A dance studio and a dancewear manufacturer decide to combine.This type of merger is called a ________.

Correct AnswerverifiedShow Answer

Management and ownership roles would most likely be separate in what type of business structure?

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified