Business Entities
Authored by Jessica Nelson
Professional Development
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20 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which business type can only be owned by 1-person?
Sole-Proprietorship
Partnership
Corporation
2.
MULTIPLE SELECT QUESTION
1 min • 1 pt
Which business entities allows 2 or more owners? (Hint: more than 1 answer)
Sole-proprietorship
Partnership
Corporation
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which business entity has a "life" on its own? [ie. can continue even with death of owner(s)]
Sole-propretorship
Partnership
Corporation
4.
MULTIPLE SELECT QUESTION
1 min • 1 pt
When business fails, which business entities that owner(s) personal assets may be demanded by banks? (Hint: more than 1 answer)
Sole-proprietorship
Partnership
Corporation
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
When a joint owner runs away, which business entity that other owner(s) personal assets be demanded by banks when the business fails?
Sole-proprietorship
Partnership
Corporation
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which business entity that an owner's maximum monetry risk in the business is limited by the amount he/she has already invested?
Sole-proprietorship
Partnership
Corporation
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which type of business entity is the most expensive to get registered (or set up)?
Sole-proprietorship
Partnership
Corporation
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