NAME

Question types


Start with


Question limit

of 52 available terms

Print test

52 Matching questions

  1. incorporators
  2. Types of stock issued by corporations
  3. What does an article of incorporation contain?
  4. Types of Mergers
  5. Disadvantages of a Partnership
  6. Partnership
  7. Who accepts the loss in a limited partnership if the business fails?
  8. Preferred Stock
  9. White Knight
  10. Poison Pill
  11. Shark repellant
  12. General Partnership
  13. Sole Proprietorship
  14. Conglomerate Merger
  15. LBO
  16. Merger
  17. Quasi-Public Corporation
  18. LLC
  19. Board of Directors
  20. What does an article of partnership contain?
  21. What is the difference between an inside director and an outside director?
  22. Limited Partnership
  23. Types of Corporations
  24. Articles of Partnership
  25. Limited Partner
  26. Advantages of a Partnership
  27. Acquisition
  28. Types of Partnership
  29. IPO
  30. Foreign Corporation
  31. Articles of Incorporation
  32. Preemptive Right:
  33. Corporate Raider
  34. Corporation
  35. Advantages of a Corporation
  36. Disadvantages of Sole Proprietorships
  37. Public Corporation
  38. Private Corporation
  39. Disadvantages of a Corporation
  40. Types of Acquistion
  41. Horizontal Merger
  42. Advantages of Sole Proprietorships
  43. Domestic Corporation
  44. "There are more ________ than _______, but _______ make more profit than ________."
  45. Vertical Merger
  46. Corporate Charter
  47. Alien Corporation
  48. Cooperative (Co-Op)
  49. Joint Venture
  50. S-Corporation
  51. Quasi-Taxable Organization
  52. Common Stock
  1. a legal documents that set forth the basic agreement between partners.
  2. b individuals creating the corporation
    - three incorporators are usually required to incorporate a business
  3. c Preferred, Common
  4. d The firm allows stockholders to buy more shares of a stock at lower prices than the current market value
  5. e Management requires a large majority of stockholders to approve a takeover
  6. f businesses owned and operated by one individual, employing less than 50 people.
  7. g an organization composed of individuals or small businesses that have banded together to reap the benefits of belonging to a larger organization
    - popular with farmers and artisans
  8. h participates in business in the state in which it is chartered
  9. i a corporation in which anyone may buy, sell, or trade stock, that must disclose financial information to the public
  10. j - Ease of Organization
    - Availability of Capital and Credit
    - Combined Knowledge and Skills
    - Quicker Decision-Making
    - Fewer Regulatory Controls
  11. k participates in business outside of the state in which it is chartered
  12. l - Limited Liability
    - Ease of Transfer and Ownership
    - Corporations do not die if an owner leaves
    - External Sources of Funds
    - Most potential to expand
  13. m elected by the stockholders to oversee the general operation of the corporation and set the long-range objectives of the corporation.
    - hire corporate officers
  14. n - Name, Purpose, Location
    - Expected Life of the Corporation
    - Classes of stock & number of shares
    - Names and addresses of the initial board of directors/ incorporators
    - Salaries of each partner
    - Division of profits and losses
    - Restrictions
  15. o a legal entity, created by the state, whose assets and liabilities are separate from its owners
    - may be privately owned or publically owned by stockholders
    - profits paid in cash payments called dividends
  16. p Owned by people who have voting rights in the corporation, but do not receive payment until after preferred stockholders are paid.
    - one vote per share
    - receive first dibs at preemptive right
  17. q a company or individual that wants to acquire or take over another company and first offers to buy some or all its stock at a premium in a tender offer
  18. r Leveraged Buyout; a group of investors borrows money from banks and other institutions to acquire a company, using the assets of the purchased company to repay the loan.
  19. s A more acceptable firm that is willing to acquire a threatened company
  20. t Do not participate in the management of the business but share in the profits in accordance with the terms of a partnership agreement
  21. u Domestic, Foreign, Alien, Private, Public, Quasi-Public, Nonprofit
  22. v When one company purchases another by buying most of its stock
  23. w Horizontal, Vertical, Conglomerate
  24. x Owned by people that generally do not have any say in running the company, but have a claim to profits before any other stockholders do.
  25. y legal documents filed by incorporators in a state that set forth the basic agreement in a corporation
  26. z Corporate Raider, Poison Pill, Shark Repellent, White Knight
  27. aa - Double Taxation
    - Expensive to Form
    - Must Disclose Information to many people
    - many employees are not stockholders
  28. ab inside directors work within the company; outside directors are not affiliated with the company
  29. ac the combination of two companies to form a new company
    - Merger Mania: explosion of mergers/acquisitions/LBOs in 1980s and 1990s
  30. ad Partnership established for a specific project or for a limited time
  31. ae - Unlimited Liability
    - Limited Sources of Funds
    - Higher Interest Rates on loans
    - Limited Skills
    - Business usually doesn't continue if the owner dies or stops working
    - Lack of Qualified Employees
    - High Marginal Tax Rate
  32. af Limited Liability Company; a form of business ownership that provides limited liability, as in a corporation, but is taxed like a partnership.
  33. ag Corporation taxed as if it were a partnership with restrictions on shareholders
  34. ah Occurs in a partnership; partners file as individuals and do not pay taxes when submitting the partnership tax return to the Internal Revenue Service
  35. ai owned and operated by the federal, state, or local government (ex: NASA)
  36. aj an association of two or more persons who carry on as co-owners of a business for profit
  37. ak - Unlimited Liability
    - All partners are responsible for the business actions of other partners
    - Partnership dissolves if one partner leaves
    - Profit must be evenly distributed
    - Limited Source of Funds
  38. al Firms that operate at different but related levels of an industry merge
  39. am - Easy and relatively inexpensive to start up
    - Secrecy
    - All profits belong solely to the owner
    - Flexibility/Control of the Business
    - Most freedom from government regulation
    - No Double Taxation
    - Easy to dissolve sole proprietorship
  40. an participates in business outside the nation in which it incorporated
  41. ao the general partner.
  42. ap a partnership that has at least one general partner, who assumes unlimited liability, and at least one limited partner, whose liability is limited to his or her investment in the business.

    (exist only for risky businesses)
  43. aq "There are more sole proprietorships than corporations, but corporations make more profit than sole proprietorships."
  44. ar owned by just one or a few people who are closely involved in managing the business
  45. as Initial Public Offering; a corporation that becomes public by selling stock for the first time

    (opposite: privatization)
  46. at Firms that make and sell similar products merge
  47. au a legal document that the state issues after filing the articles of incorporation
  48. av 1. General Partnership
    2. Limited Partnership
  49. aw - Name, Purpose, Location
    - Duration of the Agreement
    - Partnership Capital: money or assets that each partner has contributed
    - Each partner's individual role
    - Salaries of each partner
    - Division of profits and losses
    - Restrictions
  50. ax right to purchase new shares of common stock in the marketplace
  51. ay a partnership that involves a complete sharing in the management of a business
  52. az Firms in unrelated industries merge