Business Ownership

Business Ownership

12th Grade

15 Qs

quiz-placeholder

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Business Ownership

Business Ownership

Assessment

Quiz

Life Skills

12th Grade

Medium

Used 30+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An important consideration in picking a legal form of business is:

How long you plan to run the business

How much legal liability are you willing to accept

How successful you think you will be

How many competitors you expect to have

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Under the _______ form of ownership, the business disolves upon the owners death.

Partnership

Corporation

Joint Venture

Sole Proprietorship

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The biggest problem with general partnerships is:

Shared decision making

unlimited liability

continuity

disputes with partners

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percent of businesses in the US are partnerships?

1%

6%

30%

50%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

__________ are earnings distributed to shareholders by a corporation.

Distributions

Earned income

Stock

Dividends

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The most important benefit of of incorporating is the ______ feature of corporations.

Limited continuity

limited liability

financial resources

unlimited liability

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Because it restricts the transferability of its stock, Generation Now is a __________ corporation.

limited

classified

public

private

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