In order tor grain marketing and farm supply cooperatives to maintain their cooperative status, a majority of their business must be conducted with members. That rule is even stricter with rural electric cooperatives. What percent of business must be conducted with members for an electric cooperative to maintain its cooperative status? O 75 O 51 O 85 80
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- 7.0 an association of two or more people who co-own a business for the purpose of making profit is A sole proprietorship B Franchise C Partnership D corporation 8.0 Which of the following is not a role of entrepreneurship in socio-economic development? A creation of employment B provision of opportunities to entrepreneurs C contributing to government revenue D Providing goods and service 9.0 An enterprise is A a Physical building B A business undertaking or venture C any organization D an activity undertaken by a person 10.0 which of the following is part of the network of an entrepreneur? A Customers B Channel members C Suppliers D All of the above3. Ethics refers to A)the practice of obeying applicable business laws and regulations B) the ability to recognize a morally problematic situation C) the ability to know right from wrong and to know when you're practicing one instead of .3 the other D)a series of situations in which an individual must choose between personal interest and the interest of others. 4 .5 4. What is the price at which the quantity of goods demanded, and the quantity of goods supplied are equal .6 .8 A) The going rate B) The margin rates C) The market price D) The optimum priceIn which firm the agreement is Oral or Written? A. Partnership B. Sole Proprietorship C. HUF D. Co-operative Society
- Lily wants to build a business. She has very little capital. She does, however, have a partner with which she could run a business. Lily wants to be able to avoid being held personally liable for any problems the business has. Which of the following would lead Lily to choose a sole proprietorship organization for her business? A. None of the above B. Avoidance of personal liability C. Possession of a partner D. Little capitalRazor, Inc. tyros , Inc two automobile companies merged reducing the number of corporations competing within the automobile industry this merger is an example of a ? A)vertical merger B)leveraged buyout C)shark repellant merger D)a sole proprietorship E)a limited partnership1. Describe the type of cooperative and the nature of operations of CASCOFAMCO?2. What is the reason why this cooperative encountered financial distress and losses and discuss how did they recover and grow?3. Discuss what are the inventions made by the government to help the cooperative grow?4. Based on your analysis of this cooperative, what is the most important characteristic of the members that made this cooperative a success and why?
- a. What business was LaVista Lottery in? b. What is keno? c. Was this a profitable business? d. So what was the problem? e. Did Bellino discuss his concerns with Anderson? f. What did he do? g. Is there anything wrong with that? h. What is the point of this doctrine? i. But both Bellino and Anderson had a chance to bid on the keno contract. Didn’t they both have the same opportunity? Richard Bellino and Robert Anderson formed LaVista Lottery, Inc. (Lottery) to operate a restaurant, lounge, and keno game in LaVista, Nevada. They each owned 50 percent of the stock of Lottery, and both were officers and directors. Over the next nine years, the Lottery company grossed more than $100 million. Bellino and Anderson each received over $4 million in salary and dividends. Bellino spent more time than Anderson working for the company, in part, because of his personal relationship with Lottery’s lounge manager. Frustrated by Anderson’s unequal contribution, Bellino encouraged the…Juan wants to be involved in business. He has plenty of capital to invest, but he does not want to be involved in management. He also does not want to worry about fluctuations in the market prices of debt and equity instruments. Which form of business would be best for Juan? A. General partnership B. Sole proprietorship C. LLC D. CorporationAt a recent board meeting of Co., a non-executive director suggested that the company’s remuneration committee should consider scrapping the company’s share option scheme, since the executives could be rewarded by the scheme even when they do not perform well. A second non-executive director had a view that, even when the executives act in ways which decrease the agency problem, they might not be rewarded by the share option scheme if the stock markets were in decline. REQUIRED: Explain the nature of the agency problem and discuss the use of share option schemes and performance-related pay as methods of reducing the agency problem in a stock-market listed company.
- Mario and Johnny want to start a business. They have very little capital. They are new partners and largely unfamiliar with each other’s management practices. They are happy, however, to be organizing a business together in order to avoid full liability for the business. Which detail of this situation is a good reason for Mario and Johnny to create a general partnership? A. Unfamiliar with each other’s management practices B. Avoiding full liability C. Little capital D. Sharing profits37 - Which of the following should come in the blank space in the expression "............. companies, combining the characteristics of joint stock companies and collective companies"? a) cooperative businesses B) Limited partnership with share capital NS) Limited company D) Incorporated company TO) collective company1. The main disadvantage of a corporation is double taxation. a. True b. False 2. A partnership is easier to form, operate, and terminate than a proprietorship. a. True b. False 3. A disadvantage of a partnership is that: a. financial resources are obtained from one person only. b. each partner is responsible for the acts of every other partner. c. specialized skill is difficult to find in the individual partners. d. there are inadequate management and employee skills. 4. A partnership is a form of business that is: a. formed for only civic, educational, charitable, and religious purposes. b. organized to provide a professional service for which each shareholder is licensed. c. owned by two people who share ownership of a single business. d. created to obtain financial sources from only one person. 5. Small business owners prefer a proprietorship over other forms of business because it: a. provides…