Business Structures
Quiz
•
Business
•
11th Grade
•
Practice Problem
•
Medium
Heidi Cornelissen
Used 520+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a form of business ownership in which 2 or more people jointly owns a business
Sole Proprietorship
Company
Partnerships
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The major policy and financial decision makers of a corporation are determined by the...
CEO/GM/President
Chairman of the board
Shareholders
Board of Directors
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Can a sole trader run their business under a name different from their own?
Yes
No
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Name the entity that has a separate legal person from its members, and these members are only liable for the cost of the shares they have purchased
Partnership
Sole Trader
Limited Liability Company
Franchise
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A partnership pays
tax
no tax
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A company must be registered with
ASX
ACCC
ASIC
APRA
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a partnership, there are nomally between
2-10 members
2-20 members
2-50 members
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