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business organization

Authored by Zhuqing Qian

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10th - 11th Grade

Used 13+ times

business organization
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

 The government document that grants permission to establish a corporation is called a

 charter.

 partnership agreement.

 stock certificate.

 limited liability agreement.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

 A business run by a single person is a

 partnership.

 sole proprietorship.

 corporation.

 limited liability corporation.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

 In a retail business, the stock held in reserve is called

 raw materials.

 capital.

 inventory.

 profits.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

 Which of the following phrases best defines the term limited partnership ?

 an organization that limits liability to the corporation rather than the individual owners

 a partnership in which at least one partner has less responsibility in the business

operations and less liability for business losses

 a business that is limited to three or fewer investors

 a business model that combines aspects of corporations and partnerships

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

 A document certifying ownership of part of a corporation is a

 charter.

 dividend check.

 stock certificate.

 bond.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

 To get a picture of a business’s overall expenses and profits, you should look at its ______ .

 inventories

 dividends

 depreciation

 income statement

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

 Which of the following is a noncash charge?

 wages

 dividends

 depreciation

 horizontal merger

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