
Organizing Function of Management
Authored by RACHEAL ROUTT
Business
10th - 12th Grade
Used 691+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of business is owned by two people that share the ownership.
Sole Proprietorship
Partnership
LLC
S-Corp
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An S-Corporation is taxed
Single
Double
Not at all
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
LLC stands for
Limited Liability Corporation
Limited Liability Couple
Licensed Liability Company
Legal Liability Coalition
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of business is taxed double?
Sole Proprietorship
Partnership
LLC
Corporation
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which business type allows a business to sell a service or product through a contractual agreement that pays annual fees to the original company.
Sole Proprietorship
Partnership
Franchise
LLC
6.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
One advantage of a sole proprietorship is
The owner has all the responsibility
The owner pays taxes on the business as if it were personal income.
The owner makes all the decisions
The owner can be held personally liable
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A simple organization structure where each person reports to a supervisor over them.
Line & Staff
Line
Matrix
Team
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