ESSAY

1.

Gonzales was a member of a union. He thought the union officials were paid a lot and thought his dues were excessive, but did not know anyone with authority in the union well. He really wanted to find out how the union was spending all the dues the members sent in. Is there any way he can find out about the financial activity of his union?

CHAPTER 31INTRODUCTION TO BUSINESS ORGANIZATION

COMPLETION

15.

The owner of a sole proprietorship is

a(

n) ____________________.

17.

A business relationship in which two or more persons combine their labor or property for a single undertaking only is called

a(

n) ____________________.

ESSAY

21.

What are the advantages of a sole proprietorship, a partnership and a corporation?

CHAPTER 32CREATION AND OPERATION OF A PARTNERSHIP

COMPLETION

18.

In the absence of other evidence, ____________________ evidence holds that a partnership exists.

CHAPTER 33DISSOLUTION OF A PARTNERSHIP

ESSAY

24.

Rosaline and Olivine were partners and decided to dissolve their partnership. What does this mean regarding the continuation of the business and what steps should be taken to properly handle the dissolution?

CHAPTER 34NATURE OF A CORPORATION

COMPLETION

20.

The people who initially form the corporation are called ____________________.

CHAPTER 35OWNERSHIP OF A CORPORATION

.

COMPLETION

18.

A unit of the capital stock of a corporation is divided into units called ____________________.

19.

An officer, director, or owner of more than ten percent of a corporation's stock is

a(

n) ____________________.

CHAPTER 36MANAGEMENT AND DISSOLUTION OF A CORPORATION

COMPLETION

14.

A person who exposes wrongdoing in an organization is called

a(

n) ____________________.

16.

The law that puts the responsibility for greater financial disclosure on CEOs and CFOs of a corporation is the ____________________ Act.

20.

The most important right a stockholder has

is

the right to ____________________.