DAY#151 "ESB-V2" PREP EXAM

DAY#151 "ESB-V2" PREP EXAM

12th Grade

55 Qs

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DAY#151 "ESB-V2" PREP EXAM

DAY#151 "ESB-V2" PREP EXAM

Assessment

Quiz

Computers

12th Grade

Practice Problem

Medium

Created by

Herman Scriven

Used 30+ times

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55 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

No ownership, no US Federal taxes

S Corporation
Partnership
Non-Profit
Sole Proprietorship
C Corporation

2.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

Best for international business, even with being double-taxed

S Corporation
Partnership
Non-Profit
Sole Proprietorship
C Corporation

3.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

Easy to create, but comes with unlimited liability

S Corporation
Partnership
Non-Profit
Sole Proprietorship
Limited Liability Corporation (LLC)

4.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

Lower tax rate that prevents the company from being double-taxed

S Corporation
Partnership
Non-Profit
Sole Proprietorship
Limited Liability Corporation (LLC)

5.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

Ideal for a single owner seeking limited liability protection

S Corporation
Partnership
Non-Profit
Sole Proprietorship
Limited Liability Corporation (LLC)

6.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

Shared financial backing

S Corporation
Partnership
Non-Profit
Sole Proprietorship
Limited Liability Corporation (LLC)

7.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

Creates the company

Founder
Stakeholder
Chief Financial Officer (CFO)
Chief Executive Officer (CEO)
Chief Operating Officer (COO)

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