intro chapter 4 - business structures

intro chapter 4 - business structures

9th - 10th Grade

17 Qs

quiz-placeholder

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intro chapter 4 - business structures

intro chapter 4 - business structures

Assessment

Quiz

Business

9th - 10th Grade

Medium

CCSS
RI.11-12.5, RI.6.5, RI.7.5

+2

Standards-aligned

Created by

Amy Munoz

Used 19+ times

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17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

-Owned by a single owner
-No separation between owner and business
-Unlimited personal liability

Corporation
Limited Liability Company
Partnership
Sole Proprietorship

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

-Publicly traded company
-Governed by Board of Directors
-CEO, COO, CFO
-Stocks sold to raise capital

Corporation
Limited Liability Company
Partnership
Cooperative

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

-Two or more owners
-Unlimited Personal Liability
-No separation between owners and business

Limited Partnership
Corporation
Cooperative
Partnership

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

-General Partner provides business skill/talent
-Silent Partner provides capital
-Silent Partner enjoys limited personal liability

Partnership
Limited Liability Company
Limited Partnership
Joint Venture

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a Limited Partnership, the limited partner is also known as the:

Financier 
Monopolist
Venture Capitalist
Silent Partner

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This type of business is owned by one person.

Partnership

Sole Proprietorship

Corporation

Limited liability company

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_______________is a legal term for being held accountable

Liability

Assets

Bankruptcy

Claim

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