Forms of ownership
Authored by Carel Steinmann
Business
8th - 10th Grade
Used 134+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the minimum amount of partners a partnership can have?
1
2
10
20
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which form of ownership ends with Ltd?
Closed corporation
Private company
Public company
State owned company
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which form of ownership doesn't have limited liability?
Closed corporation
Private company
Public company
Partnership
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which form of ownership is not seen as a legal entity?
Closed corporation
Private company
Public company
Sole trader
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which form of ownership can sell shares to the general public?
Closed corporation
Private company
Public company
Sole trader
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Keeping all profits of the business can be an advantage of which form of business?
Closed corporation
Private company
Partnership
Sole trader
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
If a one of the partners decide to leave, retire what happens?
It will continue
It will close down
Nothing will change
A company must be formed
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