Economics: Micro 3

Economics: Micro 3

9th - 12th Grade

25 Qs

quiz-placeholder

Similar activities

QUIZ ON TERMS

QUIZ ON TERMS

9th Grade

20 Qs

Government Quiz

Government Quiz

7th - 10th Grade

20 Qs

ephilosophy

ephilosophy

10th - 12th Grade

20 Qs

Social Studies Online Quiz-29th April 2021 (Our Provinces)

Social Studies Online Quiz-29th April 2021 (Our Provinces)

8th - 10th Grade

20 Qs

Year 11 Key Words Quiz

Year 11 Key Words Quiz

11th Grade

20 Qs

The Inca Civilization

The Inca Civilization

6th - 9th Grade

21 Qs

Coop9rev4th

Coop9rev4th

9th - 12th Grade

20 Qs

Araling Panlipunan 10

Araling Panlipunan 10

10th Grade

20 Qs

Economics: Micro 3

Economics: Micro 3

Assessment

Quiz

Social Studies

9th - 12th Grade

Medium

Created by

Tracy Dozier

Used 15+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An owner of a sole Proprietorship is personality liable for all assets

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A sole proprietorship has to share their profits with a partner

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Unlimited liability means?

The owner is personally liable to cover business debts and any costs the business can not cover

The owner(s) do not have to cover all business costs personally in the case of them being sued or going into debt

A corporation is not responsible for taking care of lawsuits

A sole Proprietorship will have enough money and coverage to pay any and all debts

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Limited Liability applies to

Sole Proprietorships

small business owners

Corporations and partnerships

Only Corporations

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is a business owned by stockholders/investors but operated by others?

Sole Proprietorship
Partnership
Corporation

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is a business owned and operated by two or more people?

Sole Proprietorship
Partnership
Corporation

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is ONE advantage of a sole proprietorship?

You make ALL the decisions
Easy to raise money
You have to share profits

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?