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Business structures
Quiz
•
Business
•
12th Grade
•
Practice Problem
•
Medium
BARBARA QUATTRO
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16 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What's the simplest and most common type of business?
Partnerships
Sole traders
Limited companies
Cooperatives
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The sole trader has...
Limited liability
Unlimited liability
Limited profit
Unlimited debts
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Partnerships can be:
unlimited (or ordinary) and limited
unlimited and limited (or ordinary)
ordinary and extraordinary
all of the above
4.
OPEN ENDED QUESTION
45 sec • Ungraded
Find a synonym of "liability":
Evaluate responses using AI:
OFF
5.
OPEN ENDED QUESTION
45 sec • Ungraded
What's a contrary for "profit"?
Evaluate responses using AI:
OFF
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Plumber, baker and hairdresser are examples of...
... cooperatives
... franchising
sole traders
...limited companies
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Limited companies have a separate legal identity.
True
False
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