11-21-2024 ENT TEST

Front

_____________ is one who invests money, but is not involved in the business’ daily operations.

Back

Silent Partner

Front

What is a business owned by stockholders/investors but operated by others? Options: Sole Proprietorship, Partnership, Corporation

Back

Corporation

Front

Which of the following words describe the action of buying out competing businesses so you are the only company selling a product? Options: Autocracy, Democracy, Monopoly, Business

Back

Monopoly

Front

business which leases its trade name and operating system to another person

Back

Franchise

Front

groups of individuals who invest their money in various types of companies in search of making a profit

Back

Investors

Front

Owner keeps all the profits

Back

Sole Proprietorship

Front

Capital is wealth in the form of money or property.

Back

True

Front

Brea, Robert, and Lincoln are college friends who want to start a business. Brea has creative ability, Robert's expertise is selling, and Lincoln's expertise is management. However, each has limited capital. Their ideal type of business ownership is a

Back

partnership

Front

If all of the individuals who own a business share unlimited liability for the business's losses, these individuals are part of a (n)

Back

general partnership

Front

The Scott Company decided to sell stock to raise capital. Under what form of business ownership does the company operate?

Back

corporation