Test Bank For Building Classroom Management Methods and Models 12th Edition All Chapters

05 Key


1. (p.b114)b Thebcorporationbisbthebmostbcommonbformbofbbusinessbownership.
FALSE


AACSB:bReflectivebThinking
b Blooms:bKnowledgeb Lear
ningbGoal:b05-1
LevelbofbLearningb1:bKnowledgebofbkeybtermsb Nic
kelsb-bChapterb05b#1
Topic:bBasicbFormsbofbBusinessbOwnership



2. (p.b114)b ThebthreebmajorbformsbofbbusinessbownershipbinbthebU.S.barebsolebproprietorships,bpartnerships,bandbc
orporations.
TRUE


AACSB:bReflectivebThinking
b Blooms:bKnowledgeb Lear
ningbGoal:b05-1
LevelbofbLearningb1:bKnowledgebofbkeybtermsb Nic
kelsb-bChapterb05b#2
Topic:bBasicbFormsbofbBusinessbOwnership



3. (p.b114)b Fewbpeoplebtodaybstartbtheirbownbbusiness.
FALSE


AACSB:bReflectivebThinking
b Blooms:bKnowledgeb Lear
ningbGoal:b05-1
LevelbofbLearningb1:bKnowledgebofbkeybtermsb Nic
kelsb-bChapterb05b#3
Topic:bBasicbFormsbofbBusinessbOwnership




1

,4. (p.b115)b Oncebabbusinessbisbestablished,bit'sbalmostbimpossiblebtobchangebfrombonebformbofbbusinessbownershipbtoba
nother.
FALSE


AACSB:bReflectivebThinking
b Blooms:bKnowledgeb Lear
ningbGoal:b05-1
LevelbofbLearningb1:bKnowledgebofbkeybtermsb Nic
kelsb-bChapterb05b#4
Topic:bBasicbFormsbofbBusinessbOwnership



5. (p.b114)b Whenbtwoborbmorebpeopleblegallybagreebtobbecomebco-
ownersbofbabbusiness,bthebformbofbbusinessbisbcalledbabpartnership.
TRUE


AACSB:bReflectivebThinking
b Blooms:bKnowledgeb Lear
ningbGoal:b05-1
LevelbofbLearningb1:bKnowledgebofbkeybtermsb Nic
kelsb-bChapterb05b#5
Topic:bBasicbFormsbofbBusinessbOwnership



6. (p.b114)b Ablegalbentitybwithbauthoritybtobactbandbhavebliabilitybseparatebfrombitsbownersbisbcalledbabpartnership.
FALSE


AACSB:bReflectivebThinking
b Blooms:bKnowledgeb Lear
ningbGoal:b05-1
LevelbofbLearningb1:bKnowledgebofbkeybtermsb Nic
kelsb-bChapterb05b#6
Topic:bBasicbFormsbofbBusinessbOwnership



7. (p.b114)b Corporationsbrepresentb20bpercentbofballbthebbusinessesbinbthebU.S.bandbearnb81bpercentbofbthebtotalbU.S.bb
usinessbreceipts.
TRUE


AACSB:bReflectivebThinking
b Blooms:bKnowledgeb Lear
ningbGoal:b05-1
LevelbofbLearningb1:bKnowledgebofbkeybtermsb Nic
kelsb-bChapterb05b#7
Topic:bBasicbFormsbofbBusinessbOwnership




2

,8. (p.b114)b Abcomparisonbofbthebthreebmajorbformsbofbbusinessbownershipbshowsbthatbsolebproprietorshipsbareb
usuallybthebmostbdifficultbtypebofbbusinessbtobestablish.
FALSE


AACSB:bReflectivebThinking
b Blooms:bKnowledgeb Lear
ningbGoal:b05-1
LevelbofbLearningb1:bKnowledgebofbkeybtermsb Nic
kelsb-bChapterb05b#8
Topic:bBasicbFormsbofbBusinessbOwnership



9. (p.b115)b Thebfirstbstepbinbstartingbabsolebproprietorshipbisbtobfillboutbabproprietorshipbcharterbapplicationbformbandbfi
lebitbwithbthebstatebgovernment.
FALSE


AACSB:bReflectivebThinking
b Blooms:bKnowledgeb Lear
ningbGoal:b05-1
LevelbofbLearningb1:bKnowledgebofbkeybtermsb Nic
kelsb-bChapterb05b#9
Topic:bSolebProprietorship



10. (p.b115)b Itbisbusuallybeasybtobstartbandbendbabsolebproprietorship.
TRUE


AACSB:bReflectivebThinking
b Blooms:bKnowledgeb Lear
ningbGoal:b05-1
LevelbofbLearningb1:bKnowledgebofbkeybtermsb Nic
kelsb-bChapterb05b#10
Topic:bSolebProprietorship



11. (p.b115)b Thebprofitsbofbabsolebproprietorshipbarebtaxedbasbthebpersonalbincomebofbthebowner.
TRUE


AACSB:bReflectivebThinking
b Blooms:bKnowledgeb Lear
ningbGoal:b05-1
LevelbofbLearningb1:bKnowledgebofbkeybtermsb Nic
kelsb-bChapterb05b#11
Topic:bSolebProprietorship




3

, 12. (p.b115)b Thebsolebproprietorshipbformbofbownershipbtendsbtobbebattractivebtobpeoplebwhobwantbtobinvestbinbabc
ompanybwithoutbtakingbanbactivebrolebinbmanagement.
FALSE


AACSB:bReflectivebThinking
b Blooms:bKnowledgeb Lear
ningbGoal:b05-1
LevelbofbLearningb1:bKnowledgebofbkeybtermsb Nic
kelsb-bChapterb05b#12
Topic:bSolebProprietorship



13. (p.b115)b Abmajorbadvantagebofbsolebproprietorshipsbisbthatbanbownerbhasblimitedbliabilitybforbthebdebtsbofbhisborbh
erbbusiness.
FALSE


AACSB:bReflectivebThinking
b Blooms:bKnowledgeb Lear
ningbGoal:b05-1
LevelbofbLearningb1:bKnowledgebofbkeybtermsb Nic
kelsb-bChapterb05b#13
Topic:bSolebProprietorship



14. (p.b115)b Onebofbthebstrengthsbofbthebsolebproprietorshipbisbitsbabilitybtobsustainbrapidbgrowthbbybraisingblargeba
mountsbofbfinancialbresources.
FALSE


AACSB:bReflectivebThinking
b Blooms:bKnowledgeb Lear
ningbGoal:b05-1
LevelbofbLearningb1:bKnowledgebofbkeybtermsb Nic
kelsb-bChapterb05b#14
Topic:bSolebProprietorship



15. (p.b116)b Thebdebtsbofbabbusinessboperatedbasbabsolebproprietorshipbarebconsideredbtobbebthebpersonalbdebtsbofbthebo
wnerbofbthebbusiness.
TRUE


AACSB:bReflectivebThinking
b Blooms:bKnowledgeb Lear
ningbGoal:b05-1
LevelbofbLearningb1:bKnowledgebofbkeybtermsb Nic
kelsb-bChapterb05b#15
Topic:bSolebProprietorship




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