In a cooperative, each member gets one vote at the annual meeting for each share he or she owns.

Question

Group of answer choices

True

False

Credit Unions are usually corporations and Charter Banks are usually cooperatives.

Group of answer choices

True

False

In a general partnership, all partners have unlimited liability for the firm's debts.
Group of answer choices

True

False

In a general partnership, all partners have
Group of answer choices

equal liability

no liability

limited liability

unlimited liability

In a limited partnership, partners are only responsible for paying back the amount they invested in the partnership.
Group of answer choices

True

False

In a sole proprietorship, the owner is responsible for all the losses and may even lose his or her home. This is called limited liability.
Group of answer choices

True

False

Individuals who buy shares become owners of a corporation and are called
Group of answer choices

members

directors

shareholders

partners

The amount of corporate control a shareholder has depends on
Group of answer choices

the amount of business the shareholder does with the corporation

the number of shareholders there are

the number of shares he or she owns

the board of directors

The amount of dividend a shareholder gets is calculated by dividing the total profit paid out by the total number of shares owned by a shareholder.
Group of answer choices

True

False

The more shares a shareholder owns, the greater control of the corporation he or she has.
Group of answer choices

True

False

The profits of a cooperative are distributed according to how much each member spends at the cooperative.
Group of answer choices

True

False

Which of the following is NOT a Crown corporation?
Group of answer choices

Canada Post

Canadian Tire Corporation

Business Development Bank of Canada

Canadian Broadcasting Corporation

The stock market is a place to buy and sell ownership in businesses.
Group of answer choices

true

false

A bull market is...
Group of answer choices

when stock prices are falling

when stock prices are rising

when P/E is very low

when P/E is very high

Answer 1

1. True
2. False
3. True
4. Unlimited liability
5. False
6. False
7. Shareholders
8. The number of shares he or she owns
9. True
10. True
11. False
12. Canadian Tire Corporation
13. True
14. When stock prices are rising