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Exam 5: Forms of Business Ownership

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Question 21

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List the three major types of mergers.

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Question 22

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Which of the following is a disadvantage for the fast-food franchisee?

A) ongoing management training programs
B) short-term credit for buying supplies
C) a peer group for support
D) royalty fees

E) B) and C)
F) A) and C)

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Question 23

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AT&T and British Telecom,two of the largest communications companies in the world,allied to create a company called Concerts to investigate the profitability of providing telecommunications services for multinational companies.Concerts was an example of which of the following?

List the three major categories of business ownership.

Locating a Baskins-Robbins and a Burger King franchise under the same roof is an example of tandem-franchising.

Which of the following are corporate takeovers financed by large amounts of borrowed money?

The purchase and subsequent takeover of Marks Work Warehouse,by Canadian Tire,is an example of which of the following?

What is double taxation?

A ____________________ is a business that is established,owned,operated,and often financed by one person.

A(n)____________________ is the purchase of a corporation by another corporation or by an investor group.

What does the fact that a corporation has limited liability mean?

Karl Metzger plans to invest $5,000 in a partnership with his brother to produce and sell handcrafted violins,zithers,and other string instruments.Metzger does not plan to work in the business and wants no more liability than his investment.What should he be?

One of the disadvantages of the sole proprietorship is that the owner has unlimited liability.

____________________ is the operation of two or more franchises in one location to generate more customer traffic and maximize space,personnel,and management utility.

In a limited partnership,all of the partners have limited liability.

What is the purchaser of a franchise called?

What do partnership agreements generally specify?

What type of liability means that business damages and/or debts can also be attached to the personal assets of the owners?

What is the headquarters,seller,and supplier of the service or method of operation of a franchise called?

Which of the following types of merger brings together companies in unrelated businesses to reduce risk?