Question

5.There are about_________business firms in the United States:

	A.	2 million
	B.	12 million
	C.	27 million
	D.	42 million

6.The business firm with one owner is:

	A.	a proprietorship
	B.	a partnership
	C.	a corporation
	D.	none of these

7. A partnership:

	A.	must have exactly two partners
	B.	must have more than two owners
	C.	must have more than one owner
	D.	may have more than one owner

8. A ___________ is a legal person.

	A.	proprietorship
	B.	partnership
	C.	corporation
	D.	business firm

9. Most corporations are:

	A.	publicly held
	B.	very large
	C.	small
	D.	none of these

10.Corporations are controlled by:

	A.	employees
	B.	bondholders
	C.	common stockholders who elect the board of directors
	D.	preferred stockholders

11.Ownership of a corporation is based on:

	A.	whether you work for the company
	B.	whether you buy from the company
	C.	whether you hold the bonds of the company
	D.	whether you hold stock in the company

12.Karl Marx said that value is created by:

	A.	the worker
	B.	the capitalist
	C.	the government
	D.	money

13.Which is NOT investment?

	A.	the purchase of 100 shares of IBM
	B.	the construction of a new factory
	C.	the purchase of a new delivery truck
	D.	the purchase of new computer software

Answer 1

5) There are about 27 million business in United States.

6) The Business firm with one owner is a Proprietorship.

7) A partnership must have more than one owner.

8) A corporation is a legal firm.

9) Most corporations are very small.

10) Corporations are controlled by common stockholder who elect the board of directors.

11) Ownership of a corporation is based on whether you hold stock in the company.

12) Karl Marx said that the value is created by the worker.

13) Which is not investment? the purchase of 100 shares of IBM.