Unit 1 mixup

Unit 1 mixup

2nd Grade

12 Qs

quiz-placeholder

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Unit 1 mixup

Unit 1 mixup

Assessment

Quiz

Business

2nd Grade

Practice Problem

Medium

Created by

Will Hartley

Used 21+ times

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12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The number of staff reporting directly to each manager

Span of Control

Chain of Command

2.

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

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A partnership as a business is

not a separate legal entity

a separate entity

similar to a company

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an advantage of a partnership?

Unlimited liability

Arguments

Shared responsibility

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the name of a person who owns part of a business?

Stakeholder

Shareholder

Trust Agent

Chairman

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The owners share the risks and the profits

Proprietorship

Partnership

Corporation

None of the above

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an advantage to a business of delayering its organisational structure?

The duties of employees may be reduced

Spans of control will become narrower

Promotional opportunities will improve

Staff costs will be reduced in the long term

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