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GFOB MIDTERM FORMS OF BUISNESS QUESTIONS AND ANSWERS 2024/2025 $10.49   Add to cart

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GFOB MIDTERM FORMS OF BUISNESS QUESTIONS AND ANSWERS 2024/2025

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Two companies, ABC and XYZ, that sell the same products have decided to come together cooperatively to form one company, MNO Alphabets. This is an example of a(n) _________ → merger The ____________ is responsible for the entire operations of a corporation and reports directly to the board ...

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  • October 16, 2024
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  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • GFOB
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2 0 2 4 /2025 | © copyright | This work may not be copied for profit gain Excel!


GFOB MIDTERM FORMS OF BUISNESS
QUESTIONS AND ANSWERS 2024/2025
Two companies, ABC and XYZ, that sell the same products have decided to come together

cooperatively to form one company, MNO Alphabets. This is an example of a(n) _________


→ merger


The ____________ is responsible for the entire operations of a corporation and reports

directly to the board of directors.

→ chief executive officer


What is the primary advantage of an S corporation over a C corporation?


→ S corporations do not pay corporate income taxes.


Which of the following is a business that is not owned by investors but rather is governed by

members who use or benefit from the products or services provided by the organization?

→ A cooperative


Paolo is part of a group that hires the corporation's management team, helps set the

corporation's policies, and authorizes the issuance of stock. What is most likely Paolo's role in

the firm?

→ Paolo is on the company's Board of Directors.


An organization that has met the qualifications in section _______ of the IRS code is

considered a not-for-profit.




1|Page| GradeA+ | 2 0 0 2 5

, 2 0 2 4 /2025 | © copyright | This work may not be copied for profit gain Excel!

→ 501(c)(3)


A(n) ____________ is regulated by the U.S. Securities and Exchange Commission because the

shares of ownership can be traded on public stock exchanges.

→ publicly owned corporation


Which of the following is a merger in which two companies sell the same types of products

and are in direct competition with each other?

→ A horizontal merger


_______________ is a specific form of business organization that is legally formed under

state laws.

→ A corporation


Which of the following is the most important part of a cooperative?

→ Members


A ______ occurs when two companies that have a company/customer relationship or a

company/supplier relationship merge.

→ vertical merger


Imagine that New England Airlines, a regional carrier in Rhode Island, decides to merge with

Porter Airlines, a carrier based in Toronto, Canada. What type of merger would this

represent?


→ A market extension merger



1|Page| GradeA+ | 2 0 0 2 5

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