Economics Chapter 8 Quiz Review

A business that has a single owner-operator would be referred to as a...

• Sole Proprietorship

• Franchise

• Partnership

• Corporation

A business that has two or more owner-operators would be known as a...

• Merger

• Franchise

• Partnership

• Corporation

A type of business that is seen as legally separate from its owners would be a...

• Corporation

• Cooperative

• Sole Proprietorship

• Partnership

Which of the following is NOT an example of a franchise?

• McDonald's

• Great Clips

• Amazing Joe's

• Wal-Mart

Who are the owners of a Corporation?

• Owner-Operator

• Partners

• CEO

• Shareholders

A Burger King/McDonalds merger would be a ___________ merger.

• Horizontal

• Vertical

• Triangular

• Reverse

A merger between a baseball bat company, a tree farm and a sporting goods store would be a ________________ merger

• horizontal

• vertical

• triangular

• inverse

If a sole proprietorship is sued, who is actually getting sued?

• the company

• the owner-operator

• the shareholders

• the board of directors

Which of the following is an example of a multinational conglomerate?

• Puerto Vallarta

• Victor's Gyros

• Disney

• Muncie Central High School

What kind of business is most attractive to investors?

• Corporation

• Sole Proprietorship

• Partnership

• Nonprofit Organization