Small Business
Corporations
Mixture
Vocabulary
Vocabulary
100
Name the government agency that assists Small Businesses.
What is SBA
100
About how many corporations are there in the United States?
What is 4.93 million
100
What is a franchise?
What is an arrangement which a buyer purchases the rights to use another businesses goods and service for a price.
100
What is the purchase of one company by another
What is an acquisition
100
Owner of shares of stock in a corporation
What is stockholder
200
What does the SBA consider a small business in terms of employees?
What is 1500
200
What % of US sales revenue do corporations generate?
What is 90%
200
What is the most important source of financing for a new business?
What is personal resources
200
An offer to buy shares made by a prospective buyer directly to a target corporations shareholders
What is tender offer
200
form of partnership ownership that sells shares to investors who receive profits and that pay taxes on income from profits
What is master limited partnership
300
What % of all US Businesses has less than 20 employees?
What is 89%
300
What are the two classifications of corporations?
What is public and private
300
What is the most common type of partnership?
What is general partnership
300
The union of two corporations to form a new corporation
What is a merger
300
A partner that does not share in a firm's management and is liable for its debts only to the limits of said partners investment
What is limited partner
400
According to the book, what three aspects of the US economic system does small business contribute the most?
What is job creation, innovation and contributions to big business
400
What is double taxation?
What is profits are taxed twice, once at the corporate level and then at the ownership level
400
Name the 5 most common sources of funding for a small business.
What is family and friends, personal savings, lending institutions, investors and governmental agencies
400
a strategy whereby a firm sells one or more of its business units.
What is divestiture
400
What was the name of the Franchise that Mr Wardell owned?
What is Mad Science
500
Name the 7 major small-business industry groups.
What is services, retailing, construction, wholesaling, finance and insurance, manufacturing and transportation.
500
Name the 6 types of corporate structure.
What is closely held, publicly held, Sub S Corp, LLC, Professional, and multinational
500
What does ESOP stand for?
What is Employee Stock Ownership Plans
500
a strategy of setting up one or more corporate units as a new, independent corporation.
What is a spin off
500
Facilities that fledgling businesses share at low costs until they become sufficiently solvent to go out on their own.
What is business incubators
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