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MEGA Marketing: Business Ownership Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Page 1

Question 1 1. What is the best explanation of pass-through taxation?

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Question 2 2. What is the biggest advantage big business has over small business in the global marketplace?

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Question 3 3. Tyler is the sole owner and stockholder of the corporation, Tyler's Tires. Two years ago, Tyler's Tires hired Anna as the CEO. If Tyler dies, what happens to Tyler's Tires?

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Question 4 4. Which of the following helps a small business compete with big business in the global market?

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Question 5 5. What is the difference between an S-corporation and a C-corporation?

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Question 6 6. How many employees can manufacturing companies have and still be considered a small business in the United States?

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Question 7 7. Which one of the following is not a typical characteristic of an entrepreneur?

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Question 8 8. What is the typical way a small business is funded?

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Question 9 9. What can be a disadvantage associated with the use of a franchise?

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Question 10 10. How can a hostile takeover potentially be illegal?

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Question 11 11. Which one of the following is considered a disadvantage of a corporation?

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Question 12 12. What is one of the characteristics of an S corporation?

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Question 13 13. Which one of the following is a primary reason many cooperatives are organized?

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Question 14 14. In the United States, how is the size of a business defined?

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Question 15 15. Which of the following is the best explanation of a cooperative?

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Question 16 16. What is outsourcing?

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Question 17 17. What tactic is employed by a target company if it attempts to dilute the value of the shares held by the acquiring company?

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Question 18 18. Which one of the following is the best explanation of an entrepreneur?

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Question 19 19. What document is used to govern the operations of a limited liability company?

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Question 20 20. The raw materials are late for delivery, shutting down production. How would an entrepreneur most likely deal with the situation?

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Question 21 21. Which of the following tactics would a target company use when it acts to make itself unattractive, such as by spending all of its cash reserves or going into heavy debt?

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Question 22 22. Which one of the following is not an important person to which an entrepreneur must engage in communication?

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Question 23 23. At what level are technical skills in a manager most important?

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Question 24 24. Which of the following BEST defines an acquisition?

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Question 25 25. What type of accounting method recognizes income when earned and expenses when incurred?

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Question 26 26. A company using the Pac-Man defense to combat a takeover will MOST likely do which of the following?

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Question 27 27. Which of the following is a unique challenge to taking a franchise global?

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Question 28 28. Which of the following is FALSE regarding S corporations?

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Question 29 29. Which tactic would a target company use to stall an acquisition in hopes that a better company comes along to buy it?

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Question 30 30. Which of the the following is not a component of marketing for a small business?

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MEGA Marketing: Business Ownership Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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