What is a check that transfers a portion of the company profits to stockholders, usually quarterly.
100
Sole Proprietorship
What is a business owned and run by a single person who has the rights to all profits and unlimited liability for all debts of the firm
100
Growth through reinvestments
What is one way a business can grow?
100
Nonprofit Organization
What is a economic organization that operates like a business but does not seek financial gain
100
A sole proprietorship easy to start up.
True
200
merger
What is a combination of two or more businesses to form a single firm
200
Partnership
What is a unincorporated business owned and operated by two or more people who share the profits and responsibility for debts
200
Growth though mergers
What is another way a business can grow?
200
Cooperative
What is a nonprofit association performing some kind of economic activity for the benefit of its members
200
What are the three types of business organizations?
Corporations, partnerships, and sole proprietorship
300
Net income
What is a common measure of business profits determined by subtracting all expenses, including taxes, from revenues
300
General Partnership
What is a form of partnership where all partners are equally responsible for management and debts
300
Horizontal merger
What is a combination of two or more firms producing the same kind of product.
300
Are nonprofit organizations just limited to cooperatives and civic groups?
No
300
Limited life
What is a situation in which a firm ceases to exist when an owner dies, quits, or sells the business
400
Inventory
What is a stock of finished goods and parts held in reserve
400
Limited Partnership
What is a form of partnership where one or more partners are not active in the daily running of the business and have limited responsibility
400
Vertical Merger
What is a combination of firms involved in different stages of manufacturing or marketing
400
Public utility
What is a company providing an essential service such as water or electricity to consumers
400
What are two types of a partnership?
General and Limited Partnership
500
Charter
What is a written government approval to establish a corporation
500
Corporation
What is a form of business organization recognized by law as a separate legal entity
500
Multinational
What is a corporation producing and selling without regard to national boundaries and whose business activities are located in several different countries
500
Better Business Bureau
What is a business sponsored nonprofit organization providing information on local companies to consumers