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Applied tools q1 12-4-23

Authored by Maida Gabarda

Business

University

Used 1+ times

Applied tools q1 12-4-23
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary objective of a business?

To create products

To provide service

To acquire profit

To minimize expenses

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which form of business organization is usually owned and managed by one person?

Partnership

Corporation

Single Proprietorship

Cooperative

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main advantage of a single proprietorship?

Retention of all profit

Democratic control

Availability of more capital

Limited liability

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of partner has liability that extends up to his personal properties?

Limited Partner

Industrial Partner

Capitalist Partner

General Partner

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main advantage of a corporation?

Easy to organize

Lack of stability

Limited liability

Unlimited liability

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of cooperative engages in the supply of production inputs to members and markets their products?

Service cooperatives

Marketing cooperatives

Producers cooperatives

Credit cooperatives

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the principle of cooperation that involves making equitable contribution to the capital required and accepting a fair share of the risk and benefits?

Division of net surplus

Democratic control

Open and voluntary membership

Limited interest or capital

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