I have a 40 question business test if anyone would like to do it cause i would love you?

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    Anonymous

    1. (Points: 1)
    Sole proprietorships are in every sector of the economy, but they are most common in professional and technical services, construction, and retail trade.

    1. False

    2. True

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    2. (Points: 1)
    The owner of a sole proprietorship must share any after-tax profits with the company’s shareholders.

    1. False

    2. True

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    3. (Points: 1)
    Hennie Hanks has a great idea for a new business—one he is sure will make a ton of money. He’s eager to get started, so he wants to form his business with a minimum of hassle, expense, and red tape. He also wants to be his own boss and have complete control over the company. Hennie’s goals suggest that he would seriously consider operating his business as a sole proprietorship.

    1. True

    2. False

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    4. (Points: 1)
    Ralph Flores owns and operates his own business as a sole proprietor. Recently his company was sued. The fact that Ralph has organized his business as a sole proprietorship means that Ralph is protected against any financial loss if the company loses the lawsuit.

    1. False

    2. True

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    5. (Points: 1)
    In a general partnership, each partner incurs unlimited liability only for claims resulting from his or her own negligence.

    1. True

    2. False

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    6. (Points: 1)
    Most stockholders in large corporations take an active role in managing their companies.

    1. True

    2. False

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    7. (Points: 1)
    Liza owns 1000 shares of common stock in Bigbux Inc. As a stockholder in the company, she may vote in the election of Bigbux’s board of directors.

    1. False

    2. True

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    8. (Points: 1)
    Joe owns 500 shares of stock in the Megabux Corporation. He is pleased to learn that the company earned a very nice profit over the most recent operating period. The company has announced that they will pay each shareholder a dividend of $ 1 per share out of its after-tax profits. Because Megabux has already paid taxes on this profit, this payment will represent tax-free income to Joe.

    1. True

    2. False

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    9. (Points: 1)
    Unlike C corporations, members of S Corporations have unlimited liability.

    1. False

    2. True

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    10. (Points: 1)
    The earnings of S corporations and closed corporations are not exempt from federal and state income taxes.

    1. True

    2. False

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    11. (Points: 1)
    Mergers and acquisitions basically mean the same thing; the only difference is the size of the companies involved.

    1. True

    2. False

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    12. (Points: 1)
    One drawback of operating a franchise is the greater risk of failure relative to independently owned businesses.

    1. False

    2. True

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    13. (Points: 1)
    Lakisha Caldwell began her work at Timeline Vintage Clocks as a shift leader. Over the years, she has moved up the management ranks and has just been promoted to a position in top management. In her new position, Lakisha is likely to find that she must rely more heavily on technical skills and less on conceptual skills.

    1. False

    2. True

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    14. (Points: 1)
    The majority of businesses today are formed as

    1. limited liability partnerships.

    2. sole proprietorships.

    3. corporations.

    4. partnerships.

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    15. (Points: 1)
    A serious drawback of sole proprietorships is that they

    1. are heavily regulated by the federal government.

    2. result in double taxation of the company’s earnings.

    3. are difficult and inexpensive to form.

    4. expose their owners to unlimited liability for the company’s debts.

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    16. (Points: 1)
    A key reason most sole proprietorships remain relatively small is that

    1. they have limited ability to raise funds needed to finance growth.

    2. their stockholders would rather receive dividends than have earnings reinvested to finance growth.

    3. government regulations limit their ability to expand into new areas of business.

    4. the owners often disagree about the need to take on additional risk associated with growth.

    Save Answer

    17. (Points: 1)
    Dana wants to open her own business after completing college. As a fine arts student, she is planning to provide services as a graphic artist. She wants the freedom to be her own boss and doesn’t want to deal with a lot of rules and regulations. But she is nervous about risking her personal wealth. She is thinking about forming a sole proprietorship and asks you for your opinion about this form of business. Which of the following statements is most accurate?

    1. Forming a sol

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