CIE AS Business Organisations

CIE AS Business Organisations

12th Grade

55 Qs

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CIE AS Business Organisations

CIE AS Business Organisations

Assessment

Quiz

Business

12th Grade

Medium

Created by

Emma Jones

Used 16+ times

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55 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This type of business is owned by one person.
Partnership
Sole Proprietorship
Corporation
Franchise

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Advantages of this business type are that the owner is their own boss and gets to keep all the profits.
Partnership
Sole Proprietorship
Corporation
Franchise

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Disadvantages for this type of business include: owner pays for everything, hard to get money to start from the bank, owner might lack skills & unlimited liability.
Sole Proprietorship
Partnership
Corporation
Franchise

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A business owner who prefers to maintain complete control of all business activities might consider structuring the venture as a(n)
sole proprietorship
general partnership.
franchise
 corporation.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The disadvantages of this business organization include unlimited liability, difficulty raising financial capital, difficulty attracting qualified employees, and having a limited life
Sole Propriotorship
Partnership
Corporation

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a major advantage of a business that is a partnership rather than a sole proprietorship?
The responsibility for the business is shared
The business is easy to set up
The partners are not responsible for business debts
The business is easy to sell

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image
Which of the following is the definition for sole proprietorship
business investment that involves renting or leasing another successful business model
unincorporated business owned and run by a single person who has rights to all profits and unlimited liability for all debts of the firm; most common form of business organization in the United States
unincorporated business owned and operated by two or more people who share the profits and have unlimited liability for the debts and obligations of the firm
form of business organization recognized by law as a separate legal entity with all the rights and responsibilities of an individual, including the right to buy and sell property, enter into legal contracts, and to sue and be sued

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