Business Management Chapter 10 Test Review
Authored by Deda Rush
Business
9th - 12th Grade
Used 51+ times
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42 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business plan helps entrepreneurs see the risks and responsibilities involved in starting a business.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Financing the business is one of the responsibilities of the business owner.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The most common form of business ownership is the partnership.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A partnership could be owned by as many as ten or more partners.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Corporations usually have a tax advantage over partnerships.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If one partner is unable to pay his/her portion of the business's debts, the other partners must pay it.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A disadvantage of a partnership that fails is that a partner can lose personal assets in addition to the amount of money invested in the business.
True
False
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