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BUS 800
Jennifer Fraser

MULTIPLE CHOICE Choose the one alternative that best completes the statement or answers the question1 What is the version of the exam you are writing Correct Answer is AA Version 1B Version 2 2 The number of Canadians employed by small businesses is approximatelyA 10 of the total workforceB 20 of the total workforceC 50 of the total workforceD 98 of the total workforce 3 A public corporation is one whose shares areA available for sale through a stock exchangeB chartered by the federal governmentC owned by all taxpayers in a countryD owned by the government hence publicE widely held so there is no majority shareholder 4 Which of the following would be included in the gross domestic of CanadaA the profits earned by a Canadianowned automobile plant in BrazilB the wages paid to Peruvian workers producing coffee for a Canadian companyC the wages paid to Brazilian workers producing coffee for sale in CanadaD the profits earned by a Brazilian coffee company operating in Canada 5 Five students wish to start a new business called ComputersBUs Each student is prepared to invest the same amount and wants to share equally in the profits and management while limiting their liability They would most likely start their business as aA private corporationB public corporationC sole proprietorshipD limited partnershipE general partnership 6 Advantages of the corporation as a form of business organization do not includeA the guarantee of fixed dividendsB continuityC limited liabilityD ease of raising capitalE ability to hire professional managersMGTA03Fall 2010MidTerm TestNovember 5 2010 Version 1 Page 3 of 10
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