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Business Organization

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9th - 12th Grade

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Business Organization
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20 questions

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1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Which of the following is NOT one of the six basic activities that all businesses perform?

raising capital
buying goods and services
conserving resources
generating ideas

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A ________ must name a board of directors that will make the major policy and financial decisions for the business.

limited liability company
proprietorship
corporation
limited liability partnership

3.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

A retailer is an example of a(n)

extractor
producer
intermediary
service business

4.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

The people who make the major policy and financial decisions in a corporation are the 

investors
board of directors
managers
owners

5.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

In what type of business organization is each owner personally liable for all business debts, even if the debts were created by other owners?

corporation
partnership
proprietorship
S corporation

6.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Technology has allowed people to work fewer hours.

True
False

7.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Over the past 50 years, the proportion of women who work outside the home has

stayed almost the same
grown very slowly
declined slightly
grown significantly

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