it is one where all partners are general partners with unlimited liability and are therfore liable to partnership creditors even up to the extent of their personal properties especially when partnership becomes insolvent
PARTNERSHIP AND CORPORATION - GENERAL CONCEPTS 2
University
•10 Qs
Similar activities
Intro to Partnership
University
•10 Qs
PARTNERSHIP AND CORPORATION- FORMATION AND DIVISION OF PROFIT
University
•10 Qs
Taxation (Chapter 6)
University
•14 Qs
Partnership
University
•10 Qs
Forms of Ownership (Sole trader and Partnership)
9th Grade - University
•10 Qs
contracts in islamic finance
University
•10 Qs
PARTNERSHIP AND CORPORATION - PROFIT DISTRIBUTION
University
•10 Qs
Entrepreneurship Chapter 3
University
•10 Qs
PARTNERSHIP AND CORPORATION - GENERAL CONCEPTS 2
Quiz
•
Business
•
University
•
Medium
Carlo MBA
Used 50+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Limited partnership
General Partnership
Universal partnership of property
A universal Partnership of profits
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
is composed of at least one general partner with the others as limited partners who are liable to p[artnership creditors only to the extent of their investment in the partnership
Limited partnership
General Partnership
Universal Partnership of Property
Universal Partnership of Profits
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
is one where all the partners conribute all their properties into a common fund
General partnership
Limited partnership
Universal partnership of property
Universal partnership of profit
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
is one where thepartners contribute all what they will receive as a result of their work or service rendered during the lifetime of the partnership
General partnership
Limited Partnership
Universal partnership of property
Universal partnership of profit
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
is one who manages the partnership, contributes property or service and has unlimited liability assuming risk of loss of personal property in the event partnership becomes insolvent
General partner
Limited partner
Capitalist partner
Real partner
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
is one who invest cash or property , has no unlimited liability and has no active role in the management of the partnership
General partner
Limited partner
Capitalist partner
real partner
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
is one who contributes property into the partnership fund
capitalist partner
industrial partner
real partner
nominal partner
Create a free account and access millions of resources
Create resources
Host any resource
Get auto-graded reports
Microsoft
Apple
Others
Similar Resources on Quizizz
10 questions
PARTNERSHIP AND CORP - GENERAL CONCEPT AND FORMATION
Quiz
•
University
15 questions
Partnership Act
Quiz
•
University
15 questions
Types of Partners in Business
Quiz
•
12th Grade - University
10 questions
Business Structures
Quiz
•
12th Grade - University
10 questions
Forms of Ownership (Sole trader and Partnership)
Quiz
•
9th Grade - University
10 questions
PARTNERSHIP AND CORPORATION - PROFIT DISTRIBUTION
Quiz
•
University
15 questions
OWNERSHIP AND ORGANIZATION
Quiz
•
University
10 questions
IMR652 Quiz 2 Week 2-Business Structure
Quiz
•
University
Popular Resources on Quizizz
15 questions
Multiplication Facts
Quiz
•
4th Grade
20 questions
Math Review - Grade 6
Quiz
•
6th Grade
20 questions
math review
Quiz
•
4th Grade
5 questions
capitalization in sentences
Quiz
•
5th - 8th Grade
10 questions
Juneteenth History and Significance
Interactive video
•
5th - 8th Grade
15 questions
Adding and Subtracting Fractions
Quiz
•
5th Grade
10 questions
R2H Day One Internship Expectation Review Guidelines
Quiz
•
Professional Development
12 questions
Dividing Fractions
Quiz
•
6th Grade