| A | B |
|---|
| Which term identifies the person who buys stock? | Transferee |
| A corporation must be organized by whom? | Natural persons |
| Which is a separate legal entity? | Corporation |
| Which person owns one or more shares of stock? | Shareholder |
| Who owns part of a corporation? | Shareholder |
| Which legal document includes the partnership law? | Uniform Partnership Act |
| Which term identifies a corporation that is owned and operated by another corporation? | Subsidiary |
| Which type of organization is incorporated out of state? | Foreign corporations |
| Which name is applied to a corporation that does not exist in law but exists in fact? | De facto corporation |
| Which term implies the way two people conduct their business together? | Partnership by proof of existence |
| Which process is used in a lawsuit to sue all owners of a business together? | Joint liability |
| Which special form of partnership is subject to all the rules of partnership law? | Joint venture |
| Which term relates to an association of two or more people who operate a business for profit? | Partnership |
| Which is the most common form of legal structure in the United States? | Sole proprietorship |
| What must a general partnership have to conduct business for a profit? | Two or more persons |
| SNEAKERS is a tennis shoe company owned by Lee Parker. Which type of business is it? | Sole proprietorship |
| Fran and Diane open a beauty shop together. They each invested money in the new business. What form of ownership are they developing? | Partnership |
| Harold decides to open a retail store, because he wants to be his own boss. What form of ownership is best for the business? | Sole proprietorship |
| Which term identifies the partnership that has one or more general partners and one or more limited partners? | Limited partnership |
| Which term identifies the profit paid through common stock to the shareholders, based upon the corporation's performance? | Dividend |
| Jennifer did not want to use her real name so she invented a name. Which term identifies the type of name Jennifer used? | Fictitious |
