MGT028 - CHAPTER 2
University
•18 Qs
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MGT028 - CHAPTER 2
Quiz
•
Business
•
University
•
Hard
Yusnifarina Yunus
Used 8+ times
FREE Resource
18 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What is the main advantage of a sole proprietorship?
Limited liability
Easier access to funds
Shared control
Complete control
2.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What is the main disadvantage of owning a sole proprietorship?
Limited liability
High taxes
Shared profits
Unlimited liability
3.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What is the main advantage of a partnership?
Limited liability
Easier access to funds
Shared control
Complete control
4.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What is the main disadvantage of owning a partnership?
Limited liability
High taxes
Shared profits
Unlimited liability
5.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What is the main advantage of a corporation?
Limited liability
Easier access to funds
Shared control
Complete control
6.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What is the main disadvantage of owning a corporation?
Limited liability
High taxes
Shared profits
Unlimited liability
7.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What is the main advantage of a cooperative?
Limited liability
Easier access to funds
Shared control
Reasonable prices
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