QUESTION Ace Computers is a computer manufacturer. Jack of All Trades Software Company wants to buy Ace and sell the Ace Computers loaded with their own software. Ace wants to continue to allow users to decide which company’s software to load into their own computers. Jack of All Trades is trying to buy as much […]
Date: September 3rd, 2020
QUESTION PheelGood Pharmaceuticals is in danger of being taken over in a hostile takeover. Company managers are looking for a way to stop this from happening, so they are looking for a white knight. What are the managers hoping to find? A) a corporate raider B) a proxy to cast votes C) a more acceptable […]
Date: September 3rd, 2020
QUESTION Which of the following is an example of internal expansion? A) Peter’s Oil sells home heating oil and services furnaces. Peter inherited the business from his father, with 10 home delivery trucks and 10 service technicians. Peter’s father started the business with only two trucks and no technicians, and he frequently encourages his son […]
Date: September 3rd, 2020
QUESTION Which headline is of an example of external expansion? A) Riley, Inc., Buys McSweeney’s, Becomes Ireland’s Biggest Potato Exporter B) McDonald’s Sells Seven Franchises, Expands Into York County C) Whittaker’s Furniture Opens Third Store in Massachusetts D) Jade Carpet Cleaners, Inc., Lands Fourteen Corporate Accounts E) Dexter’s Doughnuts Buys Licenses to Open Restaurants in […]
Date: September 3rd, 2020
QUESTION Which of the following is NOT an example of external expansion? A) Only Natural bought out Amy’s Vitamins to expand into New York State. B) Claude’s Remodeling was purchased by Jake’s Kitchen Kabinets for $1 million. C) William’s Window Washers won the Empire State Building account. D) Bart’s Sporting Goods and Swinging Bat Company […]
Date: September 3rd, 2020
QUESTION Which example of a merger or an acquisition represents a shortcut to growth? A) Two pharmaceutical companies merge and hire a new CEO. B) A vinyl siding company buys a brick repointing company. C) Pablo’s Paving buys Acme Asphalt and lays off human resource workers. D) Lucy’s Loggers takes over the struggling Lucky Lumber […]
Date: September 3rd, 2020
QUESTION Which of the following is an example of a merger? A) David’s Dogs was a hot dog stand in downtown Detroit. Tim’s Diner opened a restaurant on David’s corner. David’s Dogs did such a great business that Tim’s sales suffered. So Tim purchased David’s Dogs and brought the hot dog sales inside his diner, […]
Date: September 3rd, 2020
QUESTION What is the basic purpose of most cooperatives? A) to make a profit for its members B) to provide a service to its members C) to pay dividends to its members D) to make a profit for its customers E) to pay dividends to its customers ANSWER Answer: B Explanation: B) The purpose […]
Date: September 3rd, 2020
QUESTION Which is an example of a horizontal merger? A) Abbott Laboratories merging with Blue Cross Blue Shield B) FedEx merging with UPS C) JCPenney merging with Staples D) Apple Computer merging with Kellogg’s E) Paramount Pictures merging with Burger King ANSWER Answer: B Explanation: B) A horizontal merger is when two companies that […]
Date: September 3rd, 2020
QUESTION What is the largest franchise industry in the United States? A) lodging B) fast-food restaurants C) services D) non-fast-food restaurants E) retail sales ANSWER Answer: B Explanation: B) The largest franchise industry in the United States is fast-food restaurants, followed by retail sales, services, automotive, restaurants, maintenance, building and construction, retail-food, and lodging.
Date: September 3rd, 2020
