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Social Studies

12th Grade

Used 128+ times

Business Organizations
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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Business Owned by a Single Individual

Partnership

Sole Proprietor

Cooperative

Limited Liability Company (LLC)

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A sole proprietor has a limit in which of the following ability:

managerial

owner

worker

none of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a sole proprietorship business firm?

Multinational company

School

Retail grocery store

NGO

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Sole Proprietorship business has

limited liability

no liability

50% liability

unlimited liability

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A sole proprietor is free from regulation by?

Indian contract act

Government

Private Indian

Indian Law

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The reason for the end of the sole proprietorship business can be?

Insolvency

Death

Insanity

All the above

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

To start a partnership business, what should be the minimum number of partners?

2

10

4

20

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