Chapter 4 Flashcard
Flashcard
•
Business
•
9th - 12th Grade
•
Practice Problem
•
Hard
Wayground Content
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25 questions
Show all answers
1.
FLASHCARD QUESTION
Front
A sole proprietorship requires minimal paperwork and has low startup costs.
Back
True
2.
FLASHCARD QUESTION
Front
Limited partners in a partnership have equal responsibility for managing the business.
Back
False
3.
FLASHCARD QUESTION
Front
Do corporations offer limited liability protection to their stockholders?
Back
True
4.
FLASHCARD QUESTION
Front
Do franchisors have full control over the day-to-day operations of franchisee businesses?
Back
False
5.
FLASHCARD QUESTION
Front
Horizontal mergers occur between companies in the same industry to reduce costs.
Back
True
6.
FLASHCARD QUESTION
Front
What is a key characteristic of a sole proprietorship?
Back
A business established, owned, and operated by one person.
7.
FLASHCARD QUESTION
Front
Which of the following is an advantage of a sole proprietorship? A. Easy access to funding, B. Limited liability, C. Full control over business decisions, D. Shared responsibilities
Back
Full control over business decisions
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