商务英语部分练习题chapter5

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1、Chapter5Quiz1.WhichofthefollowingisNOToneofthethreemajorformsofbusinessownershipcategories?a.soleproprietorshipb.trustagreementc.partnershipd.corporation2.Oneoftheprimaryadvantagesofthesoleproprietorshipis:a.unlimitedliabilityb・personaltimecommitmentc.limitedmanagerialexper

2、tised.relativefreedomfromstartupregulations1.Alimitedpartnershiphastwotypesofpartners:a.generalandlimitedb・specificandgeneralc.generalandunitedd.unitedandtrustbased2.Oneoftheadvantagesofapartnershipis:a.unlimitedliabilityb.potentialforconflictsbetweenpartnersc.availabilityo

3、fcapitald.difficultyinleavingorendingapartnership1.Oneofthedisadvantagesofapartnershipis:a.flexibilityb・sharingofprofitsc.diversityofskillsandexpertised.nospecialtaxes2.Acorporationcan:a.ownpropertyb.enterintocontractsc.sueandbesuedd・alloftheabovee.noneoftheabove1.Inwhichof

4、thefollowingbehaviorswouldthestockholdersofacorporationtypicallybeinvolved?a.electingtheboardofdirectorsb.statingopinionsonmattersthataffectthecorporationc.attendingannualmeetingsd.anyofalloftheabove2.Aboardofdirectorsofacorporation:a.isnotinvolvedinthedailyoperationoftheco

5、rporationb.isnotinvolvedinsettingmajorcorporategoalsandpoliciesc.isnotmadeupofmorethanfivepersonsd.cannotincludeofficersofthefirm1.Oneofthedisadvantagesofthe"corporation"formofownershipis:a.doubletaxationofprofitsb・taxdeductionsc.unlimitedlifea.limitedliability2.Thecommonme

6、thodbywhichpeoplecanobtainownershipofexistingbusinessesis:a.assumingownershipofafamilybusinessb.purchasinganexistingbusinessc.franchisingd.purchasingstockinacompanye.alloftheabove1.Allgeneralpartnershavelimitedliabilityforthedebtsofapartnershipformofbusiness・a.Trueb・False2.

7、Abilitytoattractfinancingisapredominantfeatureofthecorporationformofownership・a.Trueb.False3.SCorporationsaretaxedlikeeitherapartnershiporacorporation.a.Trueb.False4.Thenfranchisornistheparentcompany,whichsuppliestheproductconceptandreceivesfeesfromthefranchisee・a.Trueb.Fal

8、se5.Thereturnandtheriskfrominvestinginabusinessaredependentontheformofbusinessowne