BA 101 MIDTERM 3 UNIVERSITY OF
OREGON COMPLETE STUDY GUIDE
PRACTICE QUESTIONS AND REVIEW NOTES
| GRADED A+ | GUARANTEED SUCCESS
Updated 2026 Questions and Answers
100% Verified Exam Prep and Comprehensive
Rationales Included
, partnership Voluntary association
Unlimited liability
Mutual agency - (one bad apple)
Limited life
Limited access to $
Partners keep control
Relatively unregulated
Single taxation
coporation Separate legal entity
Limited liability
Limited stockholder power
Unlimited life
Easy access to capital
Stockholders may lose control
Government regulation
Double taxation
general partnership Mutual agency
Unlimited liability
Share risk/wealth equally
limited partnership No mutual agency
Provision for limited liability for some
Do not share the risk/wealth equally
securities and exchange commission (SEC) Sale of stock / financial reporting - Full disclosure - Due diligence ... has to be
thorough in finding and reporting information
domestic corporations Operate in state in which it is incorporated
foreign corporations Operate in states other than their state of incorporation
alien corporations Are organized in one country and operate in another
common stock Voting rights (proxy)
Residual claims to assets
preferred stock No vote
First claim on income
a preferred dividend
First claim on assets after debt
OREGON COMPLETE STUDY GUIDE
PRACTICE QUESTIONS AND REVIEW NOTES
| GRADED A+ | GUARANTEED SUCCESS
Updated 2026 Questions and Answers
100% Verified Exam Prep and Comprehensive
Rationales Included
, partnership Voluntary association
Unlimited liability
Mutual agency - (one bad apple)
Limited life
Limited access to $
Partners keep control
Relatively unregulated
Single taxation
coporation Separate legal entity
Limited liability
Limited stockholder power
Unlimited life
Easy access to capital
Stockholders may lose control
Government regulation
Double taxation
general partnership Mutual agency
Unlimited liability
Share risk/wealth equally
limited partnership No mutual agency
Provision for limited liability for some
Do not share the risk/wealth equally
securities and exchange commission (SEC) Sale of stock / financial reporting - Full disclosure - Due diligence ... has to be
thorough in finding and reporting information
domestic corporations Operate in state in which it is incorporated
foreign corporations Operate in states other than their state of incorporation
alien corporations Are organized in one country and operate in another
common stock Voting rights (proxy)
Residual claims to assets
preferred stock No vote
First claim on income
a preferred dividend
First claim on assets after debt
