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Business Chapter 6

Authored by Matthew Miller

Other

9th - 12th Grade

Used 2+ times

Business Chapter 6
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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An advantage of owning a partnership is that banks are more often willing to lend money to partnerships than sole proprietorships

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

About half of all businesses in the United States are sole proprietorships

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Income from a corporation is taxed twice.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

There are three (3) main types of business organizations; sole proprietorships, partnerships, and corporations.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A major disadvantage of owning a sole proprietorship is that the owner has limited liability

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The process of achieving company goals by planning, organizing, directing, controlling, and evaluating the effective use of resources is called

marketing

production

procurement

management

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The most common type of business in the United States are

sole proprietorships

"mom and pop" stores

corporations

partnerships

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