BUSI 1301 INTRODUCTION TO BUSINESS EXAM 1 QUESTIONS CORRECTLY ANSWERED TEXAS A&M UNIVERSITYBUSI 1301 INTRODUCTION TO BUSINESS EXAM 1 QUESTIONS CORRECTLY ANSWERED TEXAS A&M UNIVERSITY
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Course
BUSI 1301
Institution
BUSI 1301
BUSI 1301 INTRODUCTION TO BUSINESS EXAM
1 QUESTIONS CORRECTLY ANSWERED TEXAS
A&M UNIVERSITY
BUSI 1301 INTRODUCTION TO BUSINESS EXAM
1 QUESTIONS CORRECTLY ANSWERED TEXAS
A&M UNIVERSITY
Using the link provided below, does the US currently import more goods or export
more goods?
Correct Answer -import
Using the web link provided, which of the following is not one of the top 3
countries that the US exports goods to?
Correct Answer -Japan
A complete halt to trading with a particular nation or in a particular product is
_________.
Correct Answer -an embargo
Disadvantages of corportions include all of the following except
Correct Answer -Specialized management
A merger that takes place between firms in completely different industries is
called a ______________.
Correct Answer -conglomerate merger
A voluntary association of two or more persons to act as co-owners of a business
for profit is a ____________.
Correct Answer -partnership
, Stock owned by individuals or firms who usually do not have voting rights but
whose claims on dividends are paid before those of common-stock owners is
called ______________.
Correct Answer -Preferred Stock
A merger between firms that make and sell similar products or services in similar
markets is called a ______________.
Correct Answer -Horizontal Merger
A ____________ is an artificial person created by law with most of the legal rights of
a real person, including the rights to start and operate a business, to buy or sell
property, to borrow money, to sue or be sued, and to enter into binding contracts.
Correct Answer -corporation
Which of the following is not a disadvantage of sole proprietorship?
Correct Answer -no special taxes
Which of the following is not an advantage of a partnership?
Correct Answer -management disagreement
__________ is a feature of corporate ownership that limits each owner's financial
liability to the amount of money that he or she has paid for the corporation's
stock.
Correct Answer -limited liability
A merger between firms that operate at different but related levels in the
production and marketing of a product is called a ______________.
Correct Answer -vertical merger
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