Business Structures and Partnerships in MGT 101 Questions and Correct Answers | Latest Update
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Course
BUS 101
Institution
BUS 101
Merger
joins two firms in the same industry.
Partnership
A legal form of business with two or more owners.
Franchise
an arrangement whereby someone with a good idea for a business sells
the rights to use the business name and to sell a product or service to
others in a given te...
Best Grades | Must Pass | Latest Update | Correct Answers | 2024/ 2025
Business Structures and Partnerships in MGT
101 Questions and Correct Answers |
Latest Update
Merger
joins two firms in the same industry.
Partnership
A legal form of business with two or more owners.
Franchise
an arrangement whereby someone with a good idea for a business sells
the rights to use the business name and to sell a product or service to
others in a given territory.
Acquisition
one company purchases the property and obligations of another company.
Limited Liability
Limited partners and shareholders have this because t hey are only
responsible for the losses of a business up to the amount they invest.
~ 1 ~ for inquiry mail me @ supergrades12@gmail.com
, Best Grades | Must Pass | Latest Update | Correct Answers | 2024/ 2025
Limited Liability Company (LLC)
This unique government creation looks like a corporation but is taxed like
sole proprietorships and partnerships.
Licensor
is a company that develops a product concept and sells others the rights
to make and sell the products.
Conglomerate
A business proposition that joins firms in completely unrelated industries.
Limited Partnership
An agreement that is a partnership with one or more general partners and
one or more limited partners.
S Corporation
looks much like a corporation in that it acts like a corporation and is
traded on a stock exchange but is taxed like a partner ship and thus avoids
corporate income tax.
~ 1 ~ for inquiry mail me @ supergrades12@gmail.com
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