Media Industry Concepts

Media Industry Concepts

Assessment

Flashcard

Business

12th Grade

Practice Problem

Easy

Created by

Steve Murray

Used 1+ times

FREE Resource

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19 questions

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1.

FLASHCARD QUESTION

Front

What is a corporation?

Back

A corporation is a large company owned by shareholders and is a separate legal entity, meaning individuals are not responsible for the company's debts (limited liability).

2.

FLASHCARD QUESTION

Front

What is the liability status of smaller companies owned by individuals?

Back

Individuals who own smaller companies are liable for the company's debts.

3.

FLASHCARD QUESTION

Front

Are all companies corporations?

Back

No, all corporations are companies, but not all companies are corporations.

4.

FLASHCARD QUESTION

Front

What is a conglomerate?

Back

A conglomerate is a corporation made up of several different, independent businesses. It owns a controlling stake in smaller companies (subsidiaries) that conduct business operations separately.

5.

FLASHCARD QUESTION

Front

How can conglomerates be created?

Back

Conglomerates can be created through mergers or acquisitions.

6.

FLASHCARD QUESTION

Front

What is a monopoly in the context of conglomerates?

Back

A monopoly occurs when one conglomerate begins to dominate a market, restricting competition. Regulations are used to prevent this.

7.

FLASHCARD QUESTION

Front

What is an independent media company?

Back

An independent media company is a small production, marketing, or distribution company that operates as a single entity, unlike a conglomerate with subsidiaries.

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