Selection
Selection
M/C
M/C
100
Amount borrowed when getting a loan or issuing a bond.
Principal
100
Negotiations between representatives of labor and management.
Collective Bargaining
100
A government document granting permission to create a corporation is called a
charter
100
Which of the following is an example of a professional association?
American Medical Association
200
Organization that promotes the welfare of its member businesses.
Chamber of Commerce
200
Sum of net income and non-cash charges such as depreciation
Cash Flow
200
What is the most common form of business organization in the United States?
Sole Proprietorship
200
A merger of corporations involved in different steps of manufacturing or marketing is known as a
vertical merger
300
Business owned and operated by one person
Sole Proprietorship
300
Stock of finished goods and parts in reserve
Inventory
300
Horizontal mergers involve two or more firms
that produce the same kind of product
300
An advantage of a corporation is that
owners have limited liability for debt
400
Business organization recognized by law as a separate legal entity having all the rights of an individual other than voting.
Corporation
400
Price paid for the use of anther's money
interest
400
A corporation that has at least four businesses, each making unrelated products none of which is responsible for a majority of its sales, is called a
conclomerate
400
Which are noted for their ability to move resources, products, and financial capital across national boundries with relative ease?
multinationals
500
Noncash charge a firm takes for the general wear and tear on its capital goods.
Depreciation
500
Firm ceases to exist when the owner dies, quits, or sells the business
Limited Life
500
A voluntary association that buys bulk amounts of goods on behalf of its members is a
consumer cooperative
500
Basic ownership of a corporation, including voting rights, takes the form of
common stock
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