Bmgt Quiz
QUIZ # 3: BMGT 110 SECTION I
1. One or more of your colleagues encountered the quote, which follows. And at first they gave it little or no thought. It read: “[p]rovide America’s taxpayers top quality service by helping them understand and meet their responsibilities and by applying the tax law with integrity and fairness to all”? In a couple of words what kind of statement is this:
IRS Mission Statement.
2. Which type of merger is likely to receive the closest examination by the Federal Trade Commission? c. | horizontal merger | |
3. For its favorable legal climate, as well as the ease and simplicity of its incorporation process,
DELAWARE is the most popular state in the USA for the incorporation of many members of the Fortune 500.
4. When the Small Business Administration (SBA) assists a small business in applying for a major loan, it acts as the lender’s ________. d. | Guarantor | | |
5. Although the average farm size has gotten ________, the majority of farmers operate as ________ businesses. | | b. | larger; small | 6. Dell Computer founder Michael Dell and Microsoft co-founder Bill Gates are two well-known examples of ________. a. | social entrepreneurs | | | |
7. ________ are currently the largest group of minority business owners in the United States. c. | Hispanics | 8. Apple Computer, FedEx, Staples, and many other well-known companies used ________ when they were start-ups. b. | Small Business Investment Company (SBIC) financing |
9. A credit union is an example of a(n): b. | privately held corporation | | |
10. An Acquisition agreement is one firm’s purchase of the property and obligations of another company. [And a leveraged buyout (LBO) generally entails employees, management, or a group of investors purchasing a business organization primarily through borrowing . . .].
11. A FRANCHISE pertains to the
1. One or more of your colleagues encountered the quote, which follows. And at first they gave it little or no thought. It read: “[p]rovide America’s taxpayers top quality service by helping them understand and meet their responsibilities and by applying the tax law with integrity and fairness to all”? In a couple of words what kind of statement is this:
IRS Mission Statement.
2. Which type of merger is likely to receive the closest examination by the Federal Trade Commission? c. | horizontal merger | |
3. For its favorable legal climate, as well as the ease and simplicity of its incorporation process,
DELAWARE is the most popular state in the USA for the incorporation of many members of the Fortune 500.
4. When the Small Business Administration (SBA) assists a small business in applying for a major loan, it acts as the lender’s ________. d. | Guarantor | | |
5. Although the average farm size has gotten ________, the majority of farmers operate as ________ businesses. | | b. | larger; small | 6. Dell Computer founder Michael Dell and Microsoft co-founder Bill Gates are two well-known examples of ________. a. | social entrepreneurs | | | |
7. ________ are currently the largest group of minority business owners in the United States. c. | Hispanics | 8. Apple Computer, FedEx, Staples, and many other well-known companies used ________ when they were start-ups. b. | Small Business Investment Company (SBIC) financing |
9. A credit union is an example of a(n): b. | privately held corporation | | |
10. An Acquisition agreement is one firm’s purchase of the property and obligations of another company. [And a leveraged buyout (LBO) generally entails employees, management, or a group of investors purchasing a business organization primarily through borrowing . . .].
11. A FRANCHISE pertains to the