T/F: Ownership of a corporation can only transferred through the buying and selling of stocks.
True.
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15
KFC, McDonald's & Pizza Hut are all examples of a: a)Franchises b)Cooperatives C)Joing Ventures D)Syndicates
Franchises.
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15
If the country is borrowing money, the value of its currency is low and the unemployment rate is low, this analysis involves _________________ environmental factors? Political, social, economic
Economic
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15
Would you say that the depreciation of the Egyptian currency was caused by changes in the Political, Economic or Legal Environments?
Economic
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25
After closing a deal with a huge client, Mariam felt gutted. She only wished she was the sole owner of the business. Why do you think Mariam was gutted?
She must share the profits with her partner.
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25
If Microsoft got charged with a cyber infringement suit, who would be held responsible? a)Bill Gates b)Microsoft
Microsoft; because it is a corporation (separate legal entity).
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20
Because she was afraid the business would close after her death, Nourhan decided not to open the restaurant of her dreams. What type of business form does this example mostly likely represent?
Sole Proprietorship
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15
T/F: STEEPLE Analysis identifies factors that occur within the organization.
False; external.
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25
Okhtein Sisters decided to open a business where they share everything 50/50. What type of partnership is this? a)General Partnership b)Limited Partnership
a)General Partnership
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20
Nadine was only liable for the LE 500,000 she had invested in the business, therefore, when the business faultered, she didn't have to pay from her personal money. What type of partner is Nadin? a)General Partner b)Limited Partner
Limited Partner
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15
Commercial organizations are organizations that operate for other purposes than for profits..
False. Commercial organizations operate for profits.
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15
T/F: Maintaining a healthy business environment is important for a business to achieve profits.