Business Structures and Mergers Quiz SA

What is a Sole Proprietorship?

• A business owned by one person

• A business owned by multiple people

• A corporation that limits liability

• A type of partnership

What is a General Partnership?

• A business owned by one person

• A business owned by two or more people

• A corporation that limits liability

• A type of sole proprietorship

What is a Limited Liability Company (LLC)?

• A business structure that combines features of a corporation and a partnership

• A type of sole proprietorship

• A business owned by multiple people without liability protection

• A non-profit organization

What is a C Corporation?

• A type of business that offers limited liability to its owners

• A business owned by one person

• A type of partnership

• A non-profit organization

What is a Horizontal Merger?

• A merger between companies in the same industry

• A merger between companies in different industries

• A merger that creates a monopoly

• A merger between a corporation and a partnership

What is a Vertical Merger?

• A merger between companies at different stages of production

• A merger between companies in the same industry

• A merger that creates a monopoly

• A merger between a corporation and a partnership

What is a Conglomerate Merger?

• A merger between companies in unrelated businesses

• A merger between companies in the same industry

• A merger that creates a monopoly

• A merger between a corporation and a partnership

What is a Non-Profit Organization (501c3)?

• An organization that operates for charitable purposes

• A business that aims to make a profit

• A type of partnership

• A corporation that limits liability

What is a Cooperative (Co-op)?

• An organization owned and operated by a group of individuals for their mutual benefit

• A business that aims to make a profit

• A type of partnership

• A corporation that limits liability

Which of the following is NOT a type of business ownership?

• Sole proprietorship

• Partnership

• Corporation

• Monopoly