Types of Companies Quiz

Types of Companies Quiz

6th Grade

15 Qs

quiz-placeholder

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Types of Companies Quiz

Types of Companies Quiz

Assessment

Quiz

Other

6th Grade

Practice Problem

Medium

Created by

Kristen Powell

Used 22+ times

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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main difference between a public company and a private company?

Public companies are more profitable than private companies.

Public companies have more employees than private companies.

Public companies are required to disclose financial information, while private companies are not.

Public companies can sell shares to the general public, while private companies cannot.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of ownership allows multiple individuals to share the profits and losses of a company?

partnership

limited liability company

sole proprietorship

corporation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term used to describe a company that is owned and controlled by a single person?

limited liability company

sole proprietorship

partnership

corporation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of company is listed on a stock exchange and allows the public to buy and sell its shares?

Privately held company

Non-profit organization

Government agency

Publicly traded company

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main advantage of a public company compared to a private company?

Lower regulatory requirements.

Greater control over decision-making.

Limited liability for shareholders.

Access to capital through public offerings

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of company is not required to disclose its financial information to the public?

Private companies

Public companies

Government agencies

Non-profit organizations

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term used to describe a company that is owned by the government?

nationalized company

public corporation

state-owned enterprise

government-owned business

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