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End of the Year Biz & Marketing Test #1

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End of the Year Biz & Marketing Test #1
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business that is owned and managed by one individual who receives all the profits and bears all the losses

SOLE PROPRIETORSHIP
PARTNERSHIP
CORPORATION
LLC

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business that is owned by stockholders and has rights and responsibilities as if it were a person

SOLE PROPRIETORSHIP
LLC
CORPORATION
PARTNERSHIP

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  A business that is owned and managed by two or more individuals who receive all the profits and bear all the losses.

PARTNERSHIP
LLC
CORPORATION
SOLE PROPRIETORSHIP

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The money a business makes after all the expenses

SALES
REVENUE
COSTS
PROFIT

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business that uses its surplus revenues however it likes is considered what kind of business

PROFITABLE BUSINESS
BANKRUPT BUSINESS
FOR PROFIT BUSIESS
NON PROFIT BUSINESS

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An organization that uses surplus revenues or donations to achieve its goals rather than distributing them as profit or dividends is what kind of business

FOR PROFIT BUSINESS
NON PROFIT BUSINESS
PROFITABLE BUSINESS
BANKRUPT BUSINESS

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a benefit of a Partnership

NO POSSIBLE CONFLICTS BETWEEN PARTNERS
PARTNERS MAY COMBINE MANAGERIAL SKILLS
EASIER TO RAISE FINANCIAL CAPTIAL
SHARED RESPONSIBILITY FOR LOSSES

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