
Quiz 2 Busmngt -COA 1A
Authored by Manilyn Laciste
Professional Development
University
Used 1+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
The simplest and most common form of business, owned
and run by someone for their own benefit.
Sole proprietorship
Partnership
Corporation
Limited liability company
2.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
A form of business where both owners invest their money, property, labor to the business and are both 100% liable for business debts.
Sole proprietorship
Partnership
Corporation
Limited liability company
3.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
It is a legal entity separate from its owners, made up of individuals, groups, or other corporations, that has the power to conduct business and to own property, assets, and liabilities
Sole proprietorship
Partnership
Corporation
Limited liability company
4.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
A form of business where hybrid entities combine the characteristics of a corporation with those of a partnership or sole proprietorship.
Sole proprietorship
Partnership
Corporation
Limited liability company
5.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
It refers to a corporation’s purpose for actively improving society as a whole.
Philanthrophic responsibility
Ethical responsibility
Legal responsibility
Economic responsibility
6.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Is the ability to recognize, interpret and act upon multiple principles and
values according to the standards within a given field and context.
Philanthrophic responsibility
Ethical responsibility
Legal responsibility
Economic responsibility
7.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Is the right to make decisions concerning the day-to-day care welfare and
development of a child.
Philanthrophic responsibility
Ethical responsibility
Legal responsibility
Economic responsibility
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