Mergers and multination
True or false? Horizontal Merger is when one company is competing in different markets.
F
three
what is minimum wage all states must at least equal?
$7.25/ hr
What is the most common type of partnership?
General partnership
what is corporation?
A legal entity owned by individual stockholders.
Conglomerates is when at least three companies that produce completely (related or unrelated) goods/service
Unrelated
What is the most common type of partnership?
General
whys is there a price ceiling?
they don’t want “essential” goods to become too expensive
Partnership with no general partner
Limited liability partnership
What are the types of corporations?
Closely held corporations and publicly held corporation.
Multinationals must obey all county’s... and pay... to the country.
law, tax
List all the partner ships.
General, limited,limited liability
quantity demanded and quantity supplied are equal, point of balance between price & quanity
equilibrium
Write 3 advantages of partnership
1. Share decision making
2. Easy to start up
3. Inexpensive
Define a closely held coporation.
It’s a privately held corporation(s) which only issue stock row few people usually family membets.
True or false? Vertical mergers can benefit that they do not have to depend on outside suppliers to finish their product.
true
What is limited liability
All partners are limited from personal liability in certain situations
disadvantages to the rent control law
if your a land lord you will earn lower profits or fail to breaks down
You fall in the Uniform Partnership Act if
partners don’t establish agreements
What are the advantages of incorporation?
Limited liability for owners, transferable ownership, ability to attract capital and long life.