Week 1 Discussion

In: Computers and Technology

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Quiz 2
Intro to Business * Question 1
3 out of 3 points | | | The majority of businesses today are formed asAnswer | | | | | Selected Answer: | sole proprietorships. | Correct Answer: | sole proprietorships. | | | | | * Question 2
3 out of 3 points | | | Based on data gathered from the U.S. Census Bureau, _____ are less common than _____ but they tend to be larger and more profitable than _____.Answer | | | | | Selected Answer: | partnerships; sole proprietorships; sole proprietorships | Correct Answer: | partnerships; sole proprietorships; sole proprietorships | | | | | * Question 3
3 out of 3 points | | | In most states, the document that owners must file in order to form a corporation is referred to as theAnswer | | | | | Selected Answer: | articles of incorporation. | Correct Answer: | articles of incorporation. | | | | | * Question 4
3 out of 3 points | | | A key advantage of a corporation is thatAnswer | | | | | Selected Answer: | the owners maintain limited liability. | Correct Answer: | the owners maintain limited liability. | | | | | * Question 5
3 out of 3 points | | | The party in a franchise relationship that pays for the right to use resources supplied by another business entity is known as theAnswer | | | | | Selected Answer: | franchisee. | Correct Answer: | franchisee. | | | | | * Question 6
3 out of 3 points | | | A(n) _____ merger is the combination of two or more firms at different stages of production of a given product or service, so the firms have a buyer-seller relationship.Answer | | | | | Selected Answer: | vertical | Correct Answer: | vertical | | | | | * Question 7
3 out of 3 points | | | A(n) _____ occurs when two companies agree to combine…...

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