
Business Chapter 6
Quiz
•
Other
•
9th - 12th Grade
•
Hard
Matthew Miller
Used 2+ times
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25 questions
Show all answers
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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