工商导论练习题12班.docxVIP

c) limited liability company d)general partnership c) limited liability company d)general partnership Chapter lForms of Business Organization Multiple Choice 1．All of the following are considered disadvantages of sole proprietorships except： a)the owner has unlimited liability b)limited skills c)simple to establish d)limited funds 2．In (an) partnership, all of the partners have unlimited liability， a)unlimited b)unrestricted c)general d)nominal 3．A is a business that has one own．er a)sole proprietorship b)partnership c)corporation d)limited partnership 4．Which of the following is the advantage of a sole proprietorship? a)unlimited liability b)complete controlc)limited skills d)limited funds 5．The board of directors of a corporation is elected by its a) workers b) labor union c) stockholders d) creditors 6 Jim has an idea for a new business． He wants to get started as soon as possible with a minimum amount of expense． He also wants to be his own boss，and wants to keep all of the profits he expects to earn for himself. These goals suggest that Jim would favor setting up his firm as：a __. a) public corporation b)sole proprietorship 7．The responsibility of appointing the president and other key officers of a corporation belongs to the corporations: a)employees b)labor union c)board of directors d)creditors 8 Stockholders of a corporation pay personal income taxes on the they receive when the corporation distributes some of its eanings. a)interestb)dividendsc)revenued)retained eamings 9. A major advantage of franchise arrangements is that the：y a)are very inexpensive to set up b)a11ow thefranchisee to keep all of the profit c)give the franchisee total control over how the business is run d)offer the franchisee a proven management style Fill in Blanks ： 1 ． The advantages of sole propnetorships are many fold ． They are , easy to keep operational and financial secrecy, and exclusive use of profits. 2．Besides advantage，ssole proprietorships have some disadvantage，ssu