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ACC-W3-CCCU

Authored by RA Chandnie

Business

Professional Development

Used 3+ times

ACC-W3-CCCU
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10 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the main difference between a sole trader and an LLC?

Access to resources

Liability

Ownership structure

Revenue generation

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the level of personal liability in a sole trader setup?

Limited liability

No liability

Unlimited liability

Shared liability

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which business structure allows easier access to investors and capital?

Sole trader

Partnership

Limited liability company (LLC)

Corporation

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the main advantage of an LLC in terms of liability?

Limited personal liability

Unlimited personal liability

Shared liability

No liability

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Who owns a company?

Board of Directors

Management Team

Shareholders

Investors

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the board of directors' role in a company?

Oversee daily operations

Make strategic decisions

Handle financial management

Manage compliance

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Who is usually responsible for key decisions in a company?

CEO

CFO

COO

CTO

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