[ SAE ] TOEFL Full Listening Practice -With Answer
1 What is the lecture mainly about?
a How to form corporations
b Types of business organizations
c Differences between a proprietorship and a partnership
d Differences between a partnership and a corporation
2 In the lecture, the professor describes some characteristics of a corporation. Indicate whether each is a characteristic. (YES or NO)
a) Personal liability
b) Officers own the company.
c) Shareholders control the company's ownership.
d) Board of Directors makes daily operating decisions
3 Why does the professor mention that many new businesses fail within the first two years?
a To discourage new business starts
b To show how much information he has obtained about new businesses
c To explain why it is important to know types of business
d To explain why people may need to have financial help in starting a business
4 According to the professor, what is one characteristic of a sole proprietorship?
a People can begin business more quickly
b People are provided with many choices for a type of business
c People can take advantage of friends' advice
d People can lose money quickly
5 What does the professor mean when he says this?
a He wants the students to think about why they are going into business.
b He thinks going into business together promotes friendship
c He wants to explain students realities of life
d He thinks the students can make good decisions about such matters
6 Why does the professor say this?
a You have someone to complain to
b You know someone understands your problems
c You can get help before you have customer complaints
d Advisors will help you when you have problems
Answers are at the bottom
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Answers -- 1b, 2 yes- c, no- a, b, d 3c, 4a, 5c, 6d