
POA TEST Gr 10 - Intro to Accounting (FOB, tech, concepts)

Quiz
•
Other
•
9th - 11th Grade
•
Medium
Anya-Kaye Thompson
Used 7+ times
FREE Resource
40 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A business run by 2-20 people and has unlimited liability is known as a:
Company
Sole trader
Partnership
2.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
The two forms of business ownership with unlimited liability are:
Sole trader
Public company
Partnership
Private company
3.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Advantages of a sole trader are:
Limited liability
The owner makes all the decisions
The owner takes all the profit
Can raise substantial capital
4.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Advantages of a partnership are:
The partners split the profit
Unlimited liability
Raise more capital than a sole trader
Share the workload
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following best describes the term limited liability? If the business fails:
Personal possessions of the owner can be taken to pay any debts
The owner is personally liable for all the debts of the business
There is no limit on the amount the owner has to pay to settle debts
The owner only loses the amount invested in the business
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following is a drawback for an entrepreneur setting up a business as a sole proprietorship?
Profit is shared
Financial accounts are kept private
Limited liability
Unlimited liability
Create a free account and access millions of resources
Similar Resources on Wayground
36 questions
Money, Finance and Banking Vocabulary

Quiz
•
9th Grade
37 questions
VB Test Review

Quiz
•
9th - 12th Grade
38 questions
Wise Test Review

Quiz
•
9th - 12th Grade
37 questions
Introduction to Entrepreneurship & Small Business Operations

Quiz
•
10th - 12th Grade
38 questions
Marketing Management Study Guide EOPA (MM Pt. 1)

Quiz
•
9th - 12th Grade
45 questions
Public Private and Global Enterprises

Quiz
•
11th - 12th Grade
40 questions
11 Business Revision

Quiz
•
11th Grade
42 questions
Principles of Business, Marketing and Finance

Quiz
•
9th - 12th Grade
Popular Resources on Wayground
18 questions
Writing Launch Day 1

Lesson
•
3rd Grade
11 questions
Hallway & Bathroom Expectations

Quiz
•
6th - 8th Grade
11 questions
Standard Response Protocol

Quiz
•
6th - 8th Grade
40 questions
Algebra Review Topics

Quiz
•
9th - 12th Grade
4 questions
Exit Ticket 7/29

Quiz
•
8th Grade
10 questions
Lab Safety Procedures and Guidelines

Interactive video
•
6th - 10th Grade
19 questions
Handbook Overview

Lesson
•
9th - 12th Grade
20 questions
Subject-Verb Agreement

Quiz
•
9th Grade
Discover more resources for Other
40 questions
Algebra Review Topics

Quiz
•
9th - 12th Grade
10 questions
Lab Safety Procedures and Guidelines

Interactive video
•
6th - 10th Grade
19 questions
Handbook Overview

Lesson
•
9th - 12th Grade
20 questions
Subject-Verb Agreement

Quiz
•
9th Grade
40 questions
LSHS Student Handbook Review: Pages 7-9

Quiz
•
11th Grade
24 questions
Scientific method and variables review

Quiz
•
9th Grade
10 questions
Characteristics of Life

Quiz
•
9th - 10th Grade
19 questions
Mental Health Vocabulary Pre-test

Quiz
•
9th Grade