Business Organizations
Authored by Monique Scott
Social Studies
11th Grade
Used 30+ times
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25 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
This is a business owned and run by a single person.
Sole Proprietorship
Partnership
Corporation
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
This means the owner is fully responsible for all losses and debts of the business.
unlimited liability
fully responsible
limited liability
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
This is a business that is jointly owned by two or more people.
Sole Proprietorship
Corporation
Partnership
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
This means that the business no longer exists if the owner dies, quits, or sells the business.
Limited liability
limited life
unlimited life
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
This is the stock of finished goods help in reserves.
inventory
stock
charter
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
This is ownership certificates in a business.
Stock
Inventory
Bonds
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which business organization has unlimited life?
Partnership
Corporation
Sole Proprietorship
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