HAS 7333 Module 1 Test (Chapters 1-5)
Due Feb 9 at 11:59pm
Points 100
Questions 50
Available Feb 3 at 12am - Feb 10 at 11:59pm
Time Limit 120 Minutes
Allowed Attempts 3
Instructions
Test #1 covers the content from Module 1 (Chapters 1-5). You can take this quiz up to 3 times, and your
best score will be kept as your final score.
There are 50 questions out of a pool of questions from the corresponding book chapters, and you will
have 120 minutes to complete each attempt. Each time you take the exam, the test questions do
change. Questions are shown one at a time.
Do not take this exam with anyone else. Good luck!
Grading Criteria
Each question is worth 2 points for a total of 100 points.
Take the Quiz Again
Attempt History
Attempt Time Score
LATEST Attempt 1 83 minutes 96 out of 100
Correct answers are hidden.
Score for this attempt: 96 out of 100
Submitted Feb 9 at 11:36am
This attempt took 83 minutes.
Question 1
pts
The primary goal of not-for-profit corporations generally is expressed in a mission statement that often
involves service to the community.
, True
False
Question 2
pts
Which of the following statements about organizational stakeholders is most correct?
All businesses have stakeholders.
Only for-profit businesses have stakeholders.
Only not-for-businesses have stakeholders.
Not-for-profit and for-profit businesses each have stakeholders, but they are completely different parties.
In for-profit businesses, the only stakeholders are owners.
Question 3
pts
Assume that John Richards pays income taxes at a 30 percent rate. He currently owns a not-for-profit
(municipal) bond that pays 5 percent interest. What interest rate would have to be set on a for-profit
(corporate) bond to produce the same amount of usable (after-tax) income?
5.0 percent
5.7 percent
6.6 percent
7.1 percent
8.4 percent
Question 4
pts
Which of the following statements about the legal forms of for-profit business organization is most
correct?
Corporations are easier to form than are proprietorships.
Partnerships are applicable when there are more the three owners, while proprietorships are used when there are three
or less owners.
Corporations have the advantage of limited liability to owners.
Hybrid forms of business cannot be used by healthcare organizations.
With corporations, income is taxed only once and hence they typically are more tax efficient than proprietorships or
partnerships.
Question 5
pts
Due Feb 9 at 11:59pm
Points 100
Questions 50
Available Feb 3 at 12am - Feb 10 at 11:59pm
Time Limit 120 Minutes
Allowed Attempts 3
Instructions
Test #1 covers the content from Module 1 (Chapters 1-5). You can take this quiz up to 3 times, and your
best score will be kept as your final score.
There are 50 questions out of a pool of questions from the corresponding book chapters, and you will
have 120 minutes to complete each attempt. Each time you take the exam, the test questions do
change. Questions are shown one at a time.
Do not take this exam with anyone else. Good luck!
Grading Criteria
Each question is worth 2 points for a total of 100 points.
Take the Quiz Again
Attempt History
Attempt Time Score
LATEST Attempt 1 83 minutes 96 out of 100
Correct answers are hidden.
Score for this attempt: 96 out of 100
Submitted Feb 9 at 11:36am
This attempt took 83 minutes.
Question 1
pts
The primary goal of not-for-profit corporations generally is expressed in a mission statement that often
involves service to the community.
, True
False
Question 2
pts
Which of the following statements about organizational stakeholders is most correct?
All businesses have stakeholders.
Only for-profit businesses have stakeholders.
Only not-for-businesses have stakeholders.
Not-for-profit and for-profit businesses each have stakeholders, but they are completely different parties.
In for-profit businesses, the only stakeholders are owners.
Question 3
pts
Assume that John Richards pays income taxes at a 30 percent rate. He currently owns a not-for-profit
(municipal) bond that pays 5 percent interest. What interest rate would have to be set on a for-profit
(corporate) bond to produce the same amount of usable (after-tax) income?
5.0 percent
5.7 percent
6.6 percent
7.1 percent
8.4 percent
Question 4
pts
Which of the following statements about the legal forms of for-profit business organization is most
correct?
Corporations are easier to form than are proprietorships.
Partnerships are applicable when there are more the three owners, while proprietorships are used when there are three
or less owners.
Corporations have the advantage of limited liability to owners.
Hybrid forms of business cannot be used by healthcare organizations.
With corporations, income is taxed only once and hence they typically are more tax efficient than proprietorships or
partnerships.
Question 5
pts
