
intro chapter 4 - business structures
Authored by Amy Munoz
Business
9th - 10th Grade
CCSS covered
Used 19+ times

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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
-Two or more owners
-Unlimited Personal Liability
-No separation between owners and business
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
-General Partner provides business skill/talent
-Silent Partner provides capital
-Silent Partner enjoys limited personal liability
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a Limited Partnership, the limited partner is also known as the:
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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