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