Business Structures Review
Authored by Jonathan Amidon
Specialty
9th Grade - University
Used 231+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
-Owned by a single owner
-No separation between owner and business
-Unlimited personal liability
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
-Publicly traded company
-Governed by Board of Directors
-CEO, COO, CFO
-Stocks sold to raise capital
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
-One or more owners
-Limited personal liability
-Must be legally dissolved/reformed when ownership changes
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
-Two or more owners
-Unlimited Personal Liability
-No separation between owners and business
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
-Organization made up of many smaller firms
-Operated democratically (all firms get one vote)
-Provided subsidies/lower tax rates by the Government
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
-General Partner provides business skill/talent
-Silent Partner provides capital
-Silent Partner enjoys limited personal liability
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
-Subject to high start-up and royalty fees
-Must adhere to corporate standards
-Privately owned locations but associated with a larger, more recognizable brand
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