BUSINESS ORGANISATION  (Sole proprietorship and partnership)

BUSINESS ORGANISATION (Sole proprietorship and partnership)

10th - 12th Grade

13 Qs

quiz-placeholder

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BUSINESS ORGANISATION  (Sole proprietorship and partnership)

BUSINESS ORGANISATION (Sole proprietorship and partnership)

Assessment

Quiz

Other, Arts, Education

10th - 12th Grade

Hard

Created by

VICTORIA ABIOLA

Used 4+ times

FREE Resource

13 questions

Show all answers

1.

OPEN ENDED QUESTION

1 min • 1 pt

Name of school?

Evaluate responses using AI:

OFF

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

    Which of the following is a type of business organization?

Stock exchange

Insurance company

Chain stores

Co-operative

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

One advantage of the Sole Proprietorship over other forms of business organizations is that it can _______

Make very high profits

Employ many workers

Produce on a very large scale

Keep its affairs private

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

  One advantage of the sole proprietorship is that ______

Funds are easy to obtain

It is always successful

Control and supervision is under one man

Accounts must be publicized

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

     Which business organization enjoys tax-free profits in West Africa?

Private limited liability

Co-operative societies

Joint stock companies

Partnership

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

  One main benefit of partnership is ____________

The possibility of raising funds on the stock exchange

The possibility of attracting twenty-one or more members

That members can specialize in various functions

That it enjoys its own seperates legal entity

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

One advantage of a sole proprietorship is that

it can be managed without conflicts

the sole proprietor raises money from the public

it makes an increase in the volume of business possible

there is no limit to the number of people who may bring in capital

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