Owners in a partnership share debts and profits ___________.
What is "evenly,50/50, equally?"
100
This is the word that refers to owners of a corporation.
What is "shareholders" or "stockholders?"
100
Even though these businesses are organized for the benefit of their community, they may also engage in international business activities.
What is "municipal corporation?"
100
___________ are organized only for the benefit of their members.
What is "cooperative?"
200
India and Spain agreeing to participate in a business project together is an example of a(n) __________ __________.
What is "joint venture?"
200
This type of business is considered a legal "person" that acts on behalf of it's owners.
What is a "corporation?"
200
Shareholders losing their investment if the corporation fails is a characteristic of a corporation with _____________ ____________.
What is "limited liability?"
200
A major disadvantage of corporations is that earnings are taxed twice. First, as __________ to the business and second, as __________ to stockholders.
What is "income/profit" and "dividends?"
200
A company actively seeking to sell goods and services in other countries is engaging in _____________ _____________.
What is "direct exporting?"
300
This type of international business has the least risk and control.
What is "indirect exporting?"
300
A movie company allowing a t-shirt company to use its cartoon characters is an example of ____________.
What is "licensing?"
300
___________ __________ means creditors may force owners to sell personal property, such as a house and car, to pay the debts owed.
What is "unlimited liability?"
300
Gap is the parent company of Old Navy. That means Old Navy is a ___________ _____________ of Gap.
What is "wholly-owned subsidiary?"
300
Corporate owners must report _____________ as income and be taxed on them.
What is "dividends."
400
The most common cooperative whch almost anyone can join is a(n) _____________ ____________.
What is "credit union?"
400
Name the three terms that refer to businesses that trade with other countries.
What is "international," "global," and "multinational?"
400
Partnerships are limited to ____________ numbers of partners.
What is "unlimited?"
400
In this type of business, a company agrees to pay for another business's expertise which does not include any tangible materials.
What is "managerial contracting?"
400
When operating as a franchise, payments required to be made to the original company are called ____________.
What is "royalties?"
500
Sole proprietorships are the most prolific type of business organization in the U.S. at _____% but earn only _____% of sales (rounded to the nearest 5%).
What is "70" and "5?"
500
The two main concerns of a host country are:
What is "economic dominance (dependency)," and "political interference (conflict)."
500
These three types of business organizations are NOT formed for the primary purpose of making a a profit.
What is "municipal corporation," "nonprofit corporation," and "cooperative?"
500
Corporations make up ______% of business organizations in the U.S. and _______% of sales (rounded to the nearest 10%).
What is "20" and "80?"
500
These are three of the four main characteristics of multinational companies.
What is "worldwide market view," "standardized product," "culturally-sensitive hiring," and "international and local perspective."