Chapter 5 Review: Business Organization

Chapter 5 Review: Business Organization

9th - 12th Grade

67 Qs

quiz-placeholder

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Chapter 5 Review: Business Organization

Chapter 5 Review: Business Organization

Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

James Blahnik

Used 8+ times

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67 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The most important role of business is to provide employment for people.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All businesses buy goods and services.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Service jobs are the lowest paying jobs in the U.S. economy.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Most states require proprietorships to register a business name.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A corporation’s owners have access to profits only if the board of directors approves it.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A cooperative is a special type of corporation that allows all income to be passed through to owners based on their investment and is taxed on their individual tax returns.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A goal is a precise statement of results the business expects to achieve.

True

False

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