
Business Management EOP Bell Ringer: Day 23
Authored by John Adams
Business
11th - 12th Grade
Used 4+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A common disadvantage of a sole proprietorship is
Difficulty starting the business
The limited life of the business
That the owner must share profits with others
double taxation of earnings
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A ________ must name a board of directors that will make the major policy and financial decisions for the business.
limited liability company
proprietorship
corporation
limited liability partnership
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In what type of business organization is each owner personally liable for all business debts, even if the debts were created by other owners?
corporation
partnership
proprietorship
multinational corporation
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The easiest form of business to start and end is a(n)
limited liability partnership
multinational corporation
franchise
proprietorship
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When groups of workers band together for higher pay and better working conditions they are forming a________________.
labor union
Collective Bargaining
Blacklst
Yellow Dog Contract
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When the labor refuses to work, this is known as ________________.
strike
collective bargaining
yellow dog contract
injunction
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A monopoly is the total or complete control of a service, product or industry. Unfortunately for consumers, this prevents _______________.
Unions
Capitalism
Competition
regulation
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