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Midterm Intro to Business Exam 2025 ACTUAL EXAM COMPLETE 60 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) ALREADY GRADED A+

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Midterm Intro to Business Exam 2025 ACTUAL EXAM COMPLETE 60 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) ALREADY GRADED A+

Institution
BUSINESS STUDIES
Course
BUSINESS STUDIES









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Written for

Institution
BUSINESS STUDIES
Course
BUSINESS STUDIES

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Uploaded on
January 24, 2025
Number of pages
7
Written in
2024/2025
Type
Exam (elaborations)
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Questions & answers

Subjects

  • business

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Midterm Intro to Business Exam 2025 ACTUAL EXAM COMPLETE 60 QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) ALREADY GRADED A+


1. Three forms of
sole proprietorship, partnership, corporation
business owner-
ship

2. Trade deficit,
imports exceed exports, exports exceed imports
fa- vorable
balance of
trade

3. S corporation, C S Corp limits shares you can sell to
corporation, 100 C Corp lets you sell whatever
LLC you want LLC is a Limited Liability
Corporation

4. 3 types of merg- horizontal, vertical, conglomerate
ers

5. Franchise A business established or operated under an
authoriza-
tion to sell or distribute a company's goods or
services in a particular area

6. Franchisor an individual or organization granting a franchise

7. Franchisee the purchaser of a franchise

8. Organizational The visual representation of an organization's
chart structure

9. SBA Small business administration
10. Joint Venture Two companies that join together to reach a
common, or different goal that benefits both
businesses (temporary)

11. General partners Daily activities, responsible for debt
12. Limited partners Limited to their own investments

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,Midterm Intro to Business Exam 2025 ACTUAL EXAM COMPLETE 60 QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) ALREADY GRADED A+

13. Formal and Formal leaders have the title of a leadership
infor- mal position Informal leaders have no title but still
leaders show leadership in the workplace

14.




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