Business Ownership Vocab Quiz Stats

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definition % Correct
in this type of business, two or more people jointly act as co-ownerspartnership
62.2%
when one corporation is purchased by another it is known as amerger
60%
shares of ownership in a companystock
48.9%
business owned and operated by only one personsole proprietorship
42.2%
the most common form of business ownership, recognized as a seperate entitycorporation
42.2%
a type of business where the owner uses the name and products of an existing business. High initial cost.franchise
33.3%
dividends are paid to this type of stock first, and usually higher dividends are paidpreferred stock
31.1%
corporations usually have this type of liabilitylimited liability
31.1%
a joined group of individuals or firms, formed to perform a specific business taskjoint venture
26.7%
stock that gives voting rights, receives dividendscommon stock
24.4%
definition % Correct
a distribution of the profits to the stockholders of a corporationdividends
24.4%
a written document that describes the company's goals and objectives, and their strategies to achieve thembusiness plan
20%
owner is responsible for all business debtsunlimited liability
20%
In the state it was incorporated in, a corporation is known as adomestic corporation
4.4%
merger between two similar companieshorizontal merger
4.4%
merger between two companies in related businesses but in different levels of production and managementvertical merger
4.4%
a corporation operating outside of the state in which it was incorporatedforeign corporation
4.4%
a merger of two completely unrelated companiesconglomerate merger
2.2%
a corporation chartered in another country but operating in the US is known as an...alien corporation
2.2%
an association of investors organized in order to provide a large amount of capital for a specific tasksyndicate
0%

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