ESB REVIEW

ESB REVIEW

Assessment

Flashcard

Business

12th Grade

Practice Problem

Easy

Created by

Wayground Content

Used 1+ times

FREE Resource

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52 questions

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1.

FLASHCARD QUESTION

Front

Sole Proprietorship.

Back

Easiest to set up, but exposes the owner to unlimited financial liability

2.

FLASHCARD QUESTION

Front

General/Limited Partnership.

Back

would automatically terminate upon the death of one of the partners?

3.

FLASHCARD QUESTION

Front

Which type of business legal structure is not owned by anybody and does not pay any U.S. federal taxes?

Back

Nonprofit Corporation

4.

FLASHCARD QUESTION

Front

T/F: A limited liability company would be the best option for a single mom seeking low-risk.

Back

True

5.

FLASHCARD QUESTION

Front

A C corporation is similar to an S corporation but.....

Back

higher

6.

FLASHCARD QUESTION

Front

An S corporation is the best business structure for

Back

conducting international business

7.

FLASHCARD QUESTION

Front

Which of these is needed to verify to a food truck employer that their employees are qualified in food handling? license, pass, zoning variance, certificate

Back

certificate

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