
1.2 Types of Business Organizations
Authored by norsiah omar
Social Studies
11th - 12th Grade
Used 13+ times

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30 questions
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1.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
What term means that if a business fails, the owner is responsible for paying back all debt, even if that means paying with their personal funds/assets?
Limited Liability
Unlimited Liability
Incorporation
Lack of continuity
2.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
A disadvantage to Corporations is Limited Liability.
True
False
3.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Which of the following is an example of a private sector organization?
US Post Office
Apple
Unable to determine based on information given
None of the above
4.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Which of the following is an example of a public sector organization?
US Post Office
Apple
Unable to determine based on information given
None of the above
5.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
All public sector organizations are publicly traded organizations that you can own shares of their stock.
True
False
6.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
All charities are considered non-profit organizations.
True
False
7.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
What advantages do members of a Cooperative receive?
Cooperatives do not have members
Members receive no advantages
Members typically receive discounts if they take on part responsibility
Members receive shares of stock of the Cooperative at a lower price than the public
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