Search Header Logo

Business Organization

Authored by CHRIS JOHNSON

Social Studies

12th Grade

Used 164+ times

Business Organization
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an advantage of sole proprietorship?

There are almost no requirements to start up a sole proprietorship.

The owner keeps all the profits.

The owner makes all the decisions.

All of the above statements are true.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a disadvantage of sole proprietorship?

They're hard to start up

Personal property is protected under bankruptcy

The owner takes all the risk and responsibility

The owner doesn't get to keep all the profits

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a disadvantage of sole proprietorship?

The owner has unlimited liability

The owner has to share business decisions

The owners are protected from all the risk and responsibility

The owners doesn't get to keep all the profits

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Limited life applies to ______ .

corporations

sole proprietorships

nonprofit organizations

multinationals

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business partnership has ___________ who share the risks and the profits

One owner

Two or more owners

No more than three owners

Five or more owners

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All partners are equally responsible for management and debts.

Sole proprietorship

General Partnership

Limited Partnership

Venture Capitalist

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business’s net income is defined as ______ .

total sales before expenses

total income after expenses

total dividends paid to investors

total expenses before sales

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?