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Business Terms Test Part 2

Authored by Stacy-Ann Lawes

Business

6th - 8th Grade

Used 94+ times

Business Terms Test Part 2
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12 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

A is a legal designation that can protect small-business owners from personal liability in business obligations.

S Corp

C Corp

LLC or Limited Liability Company

EIN

2.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

An  is a tax classification that can protect small-business owners' assets from double taxation.

LLC or Limited Liability Company

C - Corporation

EIN

S-Corporation

3.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

A is a legal structure for a corporation in which the owners, or shareholders, are taxed separately from the entity.

C-Corporation

LLC

S-Corporation

EIN

4.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

A also known as a Federal Tax Identification Number, is used to identify a business entity. (Hint a Social Security # for your business)

S-Corporation

EIN

LLC

C-Corporation

5.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

A is the item offered for sale.

Product

Logo

EIN

Website

6.

FILL IN THE BLANKS QUESTION

1 min • 2 pts

is a collection of web pages and related content that is identified by a common domain name and

published on at least one web server.

(a)  

7.

OPEN ENDED QUESTION

3 mins • 4 pts

Media Image

Name 4 different types of customers

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