True/False
A general partnership and limited partnership are the exact same thing.
Fasle
What is a check that stockholders receive as a portion of their corporate earnings called?
Dividend
What type of merge is it when 2 companies who make the same type of product combine?
Horizantal
In what type of business organization would stockholders have a voice in the management/operations of the business?
Corporations
Reinvesting cashflow allows the business owner to allocate resources efficiently.
True
Schools, Churches, and community organizations are examples of what?
Nonprofits
What type of cooperative is a credit union?
Service cooperative
The owner having unlimited liability, would be a disadvantage in what type of business organization?
Sole Proprietorship
The United States Postal Service would actually be considered an indirect role for the government.
False
There people are usually more interested in helping the individual survive than getting a substantial return.
Angel Investors
What does I.P.O stand for?
Initial Public Offering
What type of business organization involves renting or leasing another business model?
Franchise
The price paid for the use of lenders money is known as a bond.
False, interest
Where potential entrepreneurs can get training in areas like accounting and managerial skills along with potential financing.
Incubator
A company that sells canned salmon decides to open up a hatchery and farm. What is this?
Vertical Merge
To get a good overall picture of a business's expenses and profits, what should you look at?
Income Statement
The "elimination of rivals" is one of the main reasons that companies decide to join non-profit organizations.
False.
This is similar to a "GoFundMe" for businesses.
Crowdfunding
What type of government program is Social Security Payments?
Indirect Role of the government
A company with 4 or more businesses that make unrelated profits is known as what?
Conglomerate