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SU BBA-131-98 Chapter 3 & 4 Quiz with 100% Correct Answers




Which of the following are groups of small investors seeking to make profits on companies with rapid growth potential?;Select one;a. equity managers;b. government securities dealers;c. venture capital companies;d. banks;The roles of shareholders, directors, and other managers in corporate decision-making are called _____.;Select one;a. articles of incorporation;b. bylaws;c. corporate governance;d. partnership agreements;are people who assume the risk of business ownership.;Select one;a. Directors;b. Entrepreneurs;c. Managers;d. Executives;According to authors of your textbook, a new business should have enough capital to operate at least how many months without earning a profit?;Select one;a. 3;b. 6;c. 5;d. 4;Stock in XYZ company is not available for sale to the general public. XYZ is an example of a _____.;Select one;a. private corporation;b. master limited partnership;c. public corporation;d. sole proprietorship;The organizational form defined as an artificial being, invisible, intangible, and existing only in contemplation of the law is a _____.;Select one;a. cooperative;b. corporation;c. master limited partnership;d. sole proprietorship;When a firm sells part of itself in order to raise capital, it is called a _____.;Select one;a. spin-off;b. divestiture;c. Employee Stock Ownership Plan;d. merger;In a _____, an entrepreneur summarizes business strategy for a new venture and shows how it will be implemented.;Select one;a. business plan;b. franchise agreement;c. venture capital plan;d. master limited partnership plan;Which of the following legal forms of business is owned and usually operated by one person who is responsible for its debts?;Select one;a. sole proprietorship;b. spin-off;c. limited partnership;d. corporation;The biggest advantage of regular corporations is _____.;Select one;a. ease of limiting ownership;b. limited liability;c. lack of continuity;d. private ownership;A major drawback of sole proprietorships is _____.;Select one;a. inflexibility;b. unlimited liability;c. low startup costs;d. limited liability;The most striking advantage of general partnerships is _____.;Select one;a. their lack of legal standing;b. their ability to grow with the addition of new talent and money;c. the unlimited liability of the partnership;d. the lack of continuity;A _____ is a business with two or more owners who share in the operation of the firm and are financially responsible for its debts.;Select one;a. sole proprietorship;b. cooperative;c. general partnership;d. corporation;A _____ is independent and does not dominate its market.;Select one;a. partnership;b. franchise;c. small business;d. sole proprietorship;An arrangement that permits the buyer to sell the product of the seller, or parent company, is called a _____.;Select one;a. franchise;b. government entity;c. joint venture;d. not for profit organization;A _____ invests money in a partnership but is liable only to the extent of his/her investment.;Select one;a. master partner;b. active partner;c. general partner;d. limited partner;Which of the following occurs when two firms combine to create a new company?;Select one;a. merger;b. strategic alliance;c. divestiture;d. acquisition;The owners of a corporation are the _____.;Select one;a. officers;b. board of directors;c. top managers;d. stockholders;According to the text, which of the following are reasons for buying an existing business rather than starting a new one from scratch?;Select one;a. proven ability to draw customers;b. all of the answers are good reasons;c. better odds of success;d. established track record;The U.S. Small Business Administration considers a business small if it has no more than how many employees?;Select one;a. 1500;b. 500;c. 1000;d. 100;Chapter 4 Quiz - 14/SU BBA-131-98;A nation's _____ is the economic value of all of the products that a company exports minus the economic value of its imports.;Select one;a. standard of living;b. balance of payments;c. trade deficit;d. balance of trade;The _____ is the common currency for much of the European Union.;Select one;a. euro;b. franc;c. pound;d. yen;Which of the following exists when a country can produce something more cheaply and/or of higher quality than any other country can?;Select one;a. comparative advantage;b. national competitive advantage;c. absolute advantage;d. marketing advantage;Under _____, Canada, the United States, and Mexico will gradually eliminate tariffs and all other trade barriers.;Select one;a. ASEAN;b. the European Union;c. NAFTA;d. USCAMX;Which of the following restricts the number of products of a certain type that can be imported into a country?;Select one;a. tariff;b. quota;c. subsidy;d. dumping;A country has a _____ in goods it can produce more efficiently than other goods.;Select one;a. absolute advantage;b. monopolistic advantage;c. comparative advantage;d. national competitive advantage;The ABC Paint Company in the United States has joined forces with the 1-2-3 Plastics Company in Italy to create a non-pealing, plastics-based paint. Both companies intend to share the research costs and any profits. This is an example of _____.;Select one;a. a strategic alliance;b. a marketing plan;c. a licensing arrangement;d. foreign direct investment;Selling a product abroad for less than the cost of production is called _____.;Select one;a. dumping;b. quota;c. tariff;d. subsidy;When a country's exports exceed its imports, the nation has a _____.;Select one;a. trade surplus;b. negative balance of trade;c. trade deficit;d. none of the answers are correct;A government order forbidding exportation and/or importation of a particular product from a particular country is called an _____.;Select one;a. absolute advantage;b. exchange rate;c. embargo;d. export;What organization was founded in Pacific Asia in 1967 for economic, political, social, and cultural cooperation?;Select one;a. the European Union;b. The Pacific Asian Union;c. NAFTA;d. ASEAN;Products created abroad and then transported and sold domestically are called _____.;Select one;a. buy backs;b. subsidies;c. exports;d. imports;Which of the following international organization strategies consists of firms giving individuals or companies in a foreign country exclusive rights to manufacture or market their products in that market?;Select one;a. strategic alliances;b. independent agents;c. licensing arrangements;d. branch offices;Products created domestically and transported for sale abroad are called _____.;Select one;a. returns;b. exchange rates;c. imports;d. exports;Which of the following type of firm conducts a significant portion of its business abroad?;Select one;a. an importer;b. a domestic firm;c. an exporter;d. an international firm;Benefits to globalization include _____.;Select one;a. obtaining cheaper resources;b. improved business profitability;c. all of the answers are benefits;d. potential for higher standards of living;Which of the following is a tax on imported goods or products?;Select one;a. quota;b. tariff;c. embargo;d. subsidy;An exchange rate _____.;Select one;a. has little impact on balance of trade;b. is the rate at which the currency of one nation can be exchanged for that of another;c. tends to fluctuate a great deal on a daily basis;d. tends to be fixed between two countries;Which of the following is a government payment to help a domestic business compete with foreign firms?;Select one;a. embargo;b. subsidy;c. quota;d. tariff;A _____ is an international competitive advantage derived from a combination of four conditions: factor conditions, demand conditions, related and supporting industries and strategies, structures and rivalries;Select one;a. comparative advantage;b. absolute advantage;c. global business advantage;d. national competitive advantage


Paper#24987 | Written in 18-Jul-2015

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