Ent U 1 Chap 1

Ent U 1 Chap 1

5th Grade

20 Qs

quiz-placeholder

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Ent U 1 Chap 1

Ent U 1 Chap 1

Assessment

Quiz

Other

5th Grade

Practice Problem

Medium

Created by

Ria Ali

Used 4+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following may be considered an activity that falls under the corporate social responsibility of a lumber company?

Cash donation toward reforestation

Supporting company fun-day celebrations

Increasing workers' salaries and wages

Spearheading the growth of the company

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When and existing company grants a license to another company to operate using the former's name and design to provide the same service, the arrangement is called.

a franchise

a partnership

an undertaking

limited liability

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following types of business has unlimited life and allows for the easy transferability of ownership interest?

Partnership

Corporation

Sole proprietorship

Limited liability partnership

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a partnership venture, the partner share the management, profits and debts of their business based on the terms of their

Friendship or relationship

Capital contribution

Deed of partnership

By law

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which of the following ventures does the entrepreneur face the LEAST risk?

Sole trading

Partnership

State enterprise

Limited liability company

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One advantage of the franchise approach to business is that the entrepreneur gets more

Profit

Guidance

Capital

Partners

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Reduced profits due to payment of royalty fees can be a major DISADVANATAGE of this type of venture.

Franchise

Sole trader

Private company

state-owned enterprise

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