Intro to Business 1

Intro to Business 1

KG - University

20 Qs

quiz-placeholder

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Intro to Business 1

Intro to Business 1

Assessment

Quiz

Business

KG - University

Practice Problem

Medium

Created by

Shena Bowie

Used 4+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Standards of moral behavior that is, behavior accepted by society as right versus wrong.

Golden Rule

Right

Wrong

Ethics

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Insiders who report illegal or unethical behavior.

Employees

Whistleblowers

Managers

Investors

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A business that is owned and usually managed by one person.

sole proprietorship

partnership

corporation

unlimited liability

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A legal form of business with two or more owners.

corporation

partnership

ownership

legacy

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A legal entity with authority to act and have liability separate from its owners.

boss

sole proprietorship

business

corporation

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

The responsibility of business owners for all of the debts of the business.

master partnership

limited reliability

unlimited liability

general partners

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A company similar to an S corporation but without special eligibility requirements.

limited liability company (LLC)

S Corporation

incorporation

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