Econ Ch. 3 - Business Organizations

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Other
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9th - 12th Grade
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Hard
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1.
FLASHCARD QUESTION
Front
What is the most common form of business organization in the United States?
Back
sole proprietorship
2.
FLASHCARD QUESTION
Front
What is the main strength of the corporate form of business organization? Options: ease of raising financial capital, ease of management, ease of establishment, freedom from business income taxes
Back
ease of raising financial capital
3.
FLASHCARD QUESTION
Front
A government document granting permission to create a corporation is called a
Back
charter
4.
FLASHCARD QUESTION
Front
Basic ownership of a corporation, including voting rights, takes the form of a
Back
Common stock.
5.
FLASHCARD QUESTION
Front
All of the following are strengths of the partnership form of business organization EXCEPT: Limited life, Ease of establishment, Lack of special taxes, Ease of management
Back
Limited life
6.
FLASHCARD QUESTION
Front
What is an example of a state government offering incentives to bring a new industry to their state?
Back
Michigan offering tax breaks to the movie industry to come to Michigan
7.
FLASHCARD QUESTION
Front
The government creating a business that competes with other privately owned businesses to sell a good or service is an example of a(an)
Back
Direct role of government
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