
Ch 6 Intro to Bus
Authored by Natalee Hayes
Business
10th Grade
Used 8+ times

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15 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is not one of the three main forms of business organizations?
Dividends
Partnership
Corporation
Sole proprietorship
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which is false of a sole proprietorship?
There is one owner
All decisions are made by one person
Easy to start up
Revenue for a sole proprietorship is usually higher than that for a corporation
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does unlimited liability mean to the owner of a business?
The owner is responsible for all the company's debts
THe owner has limited credit
The corporation is dissolved when the owner dies
The company will fail if the owner does not have all the skills needed to run the business
4.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Which type of business organization is a partnership most like?
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is an advantage of forming a corporation?
Profits are taxed twice: at the corporate level and at the shareholder level
The company continues even after one owner dies
Costly to start up
There are many voices and opinions when making decisions
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
In order to become a corporation, what must a business have?
Stock certificates
A corporate charter
Double taxation
Over 500 employees
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which business structures contains both the benefits of a small business and a corporation?
Franchise
Cooperative
Car sharing
Nonprofit organization
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