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CHAPTER 2

Authored by Mohamad Nazri

Business

University

Used 2+ times

CHAPTER 2
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10 questions

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1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

What is a sole proprietorship?

A sole proprietorship is a type of business entity where multiple individuals own and operate the business.

A sole proprietorship is a type of business entity where the government owns and operates the business.

A sole proprietorship is a type of business entity where the business is owned and operated by a corporation.

A sole proprietorship is a type of business entity where an individual owns and operates the business.

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Who is the sole owner of a sole proprietorship?

Corporation

Government

Partnership

Individual

3.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

What is a partnership?

A partnership is a business structure in which only one individual owns and is responsible for a company.

A partnership is a business structure in which two or more individuals share ownership but not responsibility for a company.

A partnership is a business structure in which two or more individuals share responsibility but not ownership for a company.

A partnership is a business structure in which two or more individuals share ownership and responsibility for a company.

4.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

How many owners are there in a partnership?

5

2 or more

3

1

5.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

What is a corporation?

A corporation is a type of partnership.

A corporation is a non-profit organization.

A corporation is a government agency.

A corporation is a legal entity that is separate and distinct from its owners.

6.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Who owns a corporation?

board of directors

employees

government

shareholders

7.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

What is a cooperative?

A cooperative is a type of business organization owned and operated by a corporation.

A cooperative is a type of business organization owned and operated by the government.

A cooperative is a type of business organization owned and operated by a group of individuals for their mutual benefit.

A cooperative is a type of business organization owned and operated by a single individual.

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