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Chapter 4 business quiz S Corporations are more flexible than traditional "C corporations

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Chapter 4 business quiz

1. S Corporations are more flexible than traditional "C corporations."
2. Which of the following is not a source of funds for a sole proprietorship?
3. A merger occurs when one company buys another by buying its stock.
4. Corporations distribute profits to their owners in the form of
5. A limited partnership always has at least one general partner, who assumes unlimited liability.
6. Taking a company public means announcing its creation to the public.
7. While corporations account for the majority of businesses in the United States, they represent a small minority of profits.
8. In the US, men are twice as likely as women to start their own business.
9. About three-quarters of all businesses in the United States are sole proprietorships, and they earn somewhere around 10 percent of total business income. We may conclude that
10. Which of the following is an advantage of a partnership?
11. Which of the following is a disadvantage of a
    partnership?
12. Big City Financial is attempting to avoid a hostile takeover by a corporate raider by allowing stockholders to buy more shares of stock at prices lower than current market value. Which of the following methods is being used to avoid the takeover?
13. All of the following are advantages of a corporation except
14. A sole proprietorship is a popular form of business because
15. When firms that make and sell similar products to the same customers merge, it is known as a
16. A corporation doing business outside the state in which it is chartered is known as a(n)
17. Which characteristic of a sole proprietorship can be considered both an advantage and a disadvantage?
18. Selling interest in a partnership may be difficult because
19. When a firm is facing a hostile takeover attempt, it may issue a poison pill, which is
20. Preferred stockholders receive dividends before common stockholders and have principle voting rights as well.