商务英语选择题(student)

Multiple Choice

1.

The following are possible forms of business ownership except for a:

a)

sole proprietorship.

b)

partnership.

c)

bureaucracy.

d)

corporation.

2.

Joe wants to form his own business.

He wants to get started as quickly land

inexpensively

as

possible

and

has

a

strong

desire

to

control

the

business

himself.

He

is

confident

he

will

be

successful

and

wants

to

keep

all

the

profits

himself.

Joe’s goals

i

ndicate

he

would

probably

choose

to

operate

his business as a(n) :

a)

limited partnership.

b)

limited liability company.

c)

S-corporation.

d)

franchise.

e)

sole proprietorship.

3.

A business owned by a single owner is referred to as a:

a)

partnership.

b)

sole proprietorship.

c)

limited partnership.

d)

corporation.

e)

subchapter S-corporation.

4.

A disadvantage of a sole proprietorship is that:

a)

sole

proprietors

have

very

little

control

over

the

operations

of

the

business.

b)

sole proprietors have unlimited liability.

c)

it

is

more

difficult

and

expensive

to

establish

than

other

forms

of

business.

d)

its earning are subject to higher tax rates than other forms of business.

e)

sole proprietors are required to share the firm’s profits with employees.

5.

Partners have unlimited liability in a :

a)

general partnership.

b)

corporation.

c)

limited partnership.

d)

cooperative.

6.

In a limited partnership:

a)

all partners have limited liability.

b)

the partnership exist only for a limited time period, or until a specific

task is accomplished.

c)

the

limited

partners

do

not

participate

in

management

of

the

company.

d)

the partners agree to operate in a limited geographic area.

e)

no more than 100 partners may invest in the company at any one time.

7.

When two or more people, having complementary skills, agree to co-own a

business, this agreement is referred to as a:

a)

partnership.

b)

sole proprietorship.

c)

cooperative.

d)

corporation.

8.

e)

joint venture.

A

general

partnership

that

protects

a

partner’s

personal

assets

from

the

negligence of other partners is call a:

a)

limited liability company.

b)

cooperative.

c)

private corporation.

d)

master limited partnership.

e)

protected partnership.

The ______ has the most potential for raising a large amount of funds.

a)

proprietorship.

b)

corporation.

c)

limited partnership.

d)

unlimited partnership.

e)

S-corporation.

Important aspects of a corporation such as the name of the firm, information

about

the

stock

issued,

and

a

description

of

the

firm’s

operations,

are

contained in a:

a)

mission.

b)

policy.

c)

charter.

d)

plan.

e)

venture.

The members of the board of directors of a corporation are

chosen by the

corporation’s:

a)

president and chief executive officer.

b)

creditors.

c)

general partners.

d)

stockholders

.

e)

charter members.

9.

10.

11.

12.

When

ownership

of

a

small

corporation

is

restricted

to

a

small

group

of

investors, it is:

a)

publicly held.

b)

government owned.

c)

bureaucratic.

d)

privately held.

e)

perfectly competitive.

13.

When a corporation’s shares can be easily purchased or sold by investors, it

is:

f)

publicly held

.

g)

privately held.

h)

institutionalized.

i)

monopolized.

j)

franchised.

People become owners of a corporation by purchasing:

a)

shares of stock.

b)

corporate bonds.

c)

retained earnings

d)

inventory.

e)

accounts receivable.

When stockholders of a corporation sell shares of stock for more than they

paid for them, they receive a:

a)

dividend.

b)

premium.

c)

capital gain

d)

discount.

e)

stock option.

The

return on investment in a firm is derived from the firm’s ability to earn:

a)

assets.

b)

liabilities.

c)

profits.

d)

expenses.

The total amount invested in a company by its owners is called:

a)

the corporate margin.

b)

equity.

c)

working capital.

d)

the stock premium.

e)

treasury stock.

14.

15.

16.

17.

18.

The degree of uncertainty about future earnings, which reflects an uncertain