1.span>What is usually needed to decide the portion of the partnership each person controls?_________

   A.span>A rule.

   B.span>An agreement.

   C.span>A regulation.

2.span>Who are included in limited liability partnerships?_________

   A.span>The proprietor.

   B.span>Unlimited partners.

   C.span>Limited partners.

3.span>How can corporations raise money?_________

   A.span>By selling stock.

   B.span>By buying stock.

   C.span>By holding corporation shares.

4.span>Who controls corporate policies in a corporation?_________

   A.span>Chairman of the board.

   B.span>A board of directors.

   C.span>The owner of the corporation.

5.span>The ________ form of business is called an individual or sole proprietorship.

   A.span>complex

   B.span>simplest

6.span>Limited partners may not share as ________ in the profits, but they also have less responsibility for the business.

   A.span>many

   B.span>much

7.span>Corporations are designed to have ________ lifetime.

   A.span>a limited

   B.span>an unlimited

8.span>Investors who buy stock ________ trade their shares or keep them as long as the company is in business.

   A.span>can't

   B.span>can

9.span>Corporations can have ________ major shareholders, or ownership can be spread among the general public.

   A.span>few

   B.span>a few

10.span>________ corporations are traditional businesses that sell stock.

   A.span>All

   B.span>not all

11.span>Some ________ groups are also organized as corporations.

   A.span>profit

   B.span>non-profit

12.span>The Royal Swedish Academy of Sciences awarded the Nobel Prize in electronics to three Americans on Oct. 14, 2013.

   A.对 

13.span>Eugene Fama, Lars Peter Hansen and Robert Shiller won the prize for their research and explanations of pricing forces in financial markets.

   A.对 

14.span>Eugene Fama's research on financial markets in the 1960s resulted in some change in how market watchers look at investing.

   A.对 

15.span>The findings of both economists have led to the growth of price prediction, investing many different securities as a way to reduce risk.

   A.对 

16.span>The Nobel Prize in economics was established in memory of Alfred Nobel by Sweden's central bank in 1968.

   A.对 

18.—Did you get your financial records into shape for your audit next month?
— _______. Keeping a strict account of all our incoming and outgoing is not an easy task.

   A.It seems our records are always a little incomplete 

   B.It's a piece of cake

   C.I'm still working on ironing out a few problems

19.It will _______ about eight percent more than initially projected

   A.spend

   B.ay

   C.cost

20.For a limited company, this will include the money ______ issuing shares, and is known as the share capital.

   A. raise for

   B.raised by

   C.raising at

21.—Okay, what is the decision?
—As you know, we have been a privately held, family-owned company for over 120 years,_____________.

   A.and I think it definitely has a bright future

   B.but it may be time to consider some major changes

   C.but the company faces tough competition 

22.But Jerry, have you really thought this ______? You would essentially be giving up the company that your great-grandfather built.

   A.through

   B. of

   C.about

23.Can you tell us why you think this makes good business ______to you?

   A.deal  

   B.sense

   C.rogram

24.—You mean... like becoming a publicly-traded company?
—That's right. ______________ .

   A.It's something we should give serious consideration to

   B.It will still be a privately held company

   C.It will become a privately held company