Forms of Business Quiz
Authored by DR SITTI SYAMSIAR MUHARRAM
Business
University
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the simplest form of business?
Partnership
Corporation
Sole proprietorship
Limited liability company
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which form of business involves two or more individuals as owners?
Partnership
Sole proprietorship
Corporation
Limited liability company
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the most common form of business organization?
Limited liability partnership
Nonprofit organization
Franchise
Sole proprietorship
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What form of business has unlimited liability for the owner?
Corporation
Sole proprietorship
Limited liability company
Partnership
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which form of business has limited liability for the owners?
Partnership
Limited liability company
Sole proprietorship
Corporation
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of business is owned and operated by a single individual?
Partnership
Sole proprietorship
Corporation
Limited liability company
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What form of business is known for its separate legal entity from its owners?
Limited liability company
Corporation
Sole proprietorship
Partnership
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