FORMS OF BUSINESS
12th Grade
•9 Qs
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FORMS OF BUSINESS
Quiz
•
Business
•
12th Grade
•
Medium
Christopher Carter
Used 4+ times
FREE Resource
9 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
combines the benefits of a corporation with those of proprietorships and partnerships
LLC
LCL
Corporation
Partnership
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
co-owned by at least one general partner and one or more limited partners
LLC
Limited partnership
general partnership
corporation
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Adantage easy to start, easy to close, retain all profits
partnership
sole proprietorship
corporation
LLC
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Owned and operated by those using the services
cooperative
LLC
Corporation
Partnership
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Provides limited liability but is taxed as a partnership, limited too 100 shareholders
Partnership
LLC
S Corporation
Cooperative
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Broken into shares of stock
Cooperative
Corporation
Partnership
LLC
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Disadvantage- expensive to form, many government regulations
Cooperative
Corporation
sole proprietorship
partnership
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Has a general partner
LLC
limited partnership
general partnership
Cooperative
9.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Limited life of business, unlimited liability
Partnership
Lmiited parternship
Sole proprietorship
Cooperative
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