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Roles and Responsibilities of ESB

Authored by Harry Morales

Business

9th - 12th Grade

Roles and Responsibilities of ESB
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

Entrepreneurs are entitled to a steady paycheck because they are responsible for ensuring sufficient cash flow for the business to operate and succeed

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

Sole Proprietorship

corporation is a business that is legally separate from its owners

corporation is a corporation designed to get around the double taxation

This is an unincorporated business with one owner

corporation is a benefit corporation or a corporation that makes a profit and provides some social or environmental benefit to the community

3.

MULTIPLE CHOICE QUESTION

30 sec • 11 pts

Non-Profit

Corporations file their own taxes and are responsible for paying their debts.

partnership and corporation

Company that makes all profit

a company whose purpose is not to make money but to provide a benefit to society

4.

MULTIPLE CHOICE QUESTION

30 sec • 9 pts

B Corporation

corporation is a benefit corporation or a corporation that makes a profit and provides some social or environmental benefit to the community

corporation is a corporation designed to get around the double taxation

corporation is the main type of corporation

A corporation that makes no profit

5.

MULTIPLE CHOICE QUESTION

30 sec • 7 pts

Limited Liability Company

A corporation is a business that is legally separate from its owners, the shareholders

This is an unincorporated business with one owner

is the bridge between partnership and corporation

There are two common forms of partnershi

6.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

General Partnership

is a business that is legally separate from its owners

involves all members agreeing to be responsible for the business's debts, called unlimited liability

It is different from the other types because it is taxed separately from its shareholders.

corporation is a corporation designed to get around the double taxation

7.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

Cooperative

corporation is a company whose purpose is not to make money but to provide a benefit to society

bridge between partnership and corporation

benefit corporation or a corporation that makes a profit and provides some social or environmental benefit to the community

typically called a co-op, is a business owned by the people who buy its products or use its services

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