
Business Organization Video

Passage
•
Business
•
12th Grade
•
Medium

Anonymous Anonymous
Used 7+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary drawback of a sole proprietorship?
Access to limited resources
Limited control over the business
Unlimited liability for the owner
Complex tax requirements
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a consequence of a partnership in terms of liability?
Personal liability for partner's debts
Access to more resources
Shared control of the business
Limited liability for the partners
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key benefit of incorporating a business as a corporation?
No special tax requirements
Infinite life of the business
Personal liability for business debts
Limited access to capital
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which business organization has the life of the business parallel to the life of any individual?
Limited liability company
Corporation
Partnership
Sole proprietorship
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a characteristic of a partnership in terms of control?
Limited control over the business
No control over the business
Shared control of the business
Full control over the business
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key difference between a corporation and a sole proprietorship?
Access to more resources
Personal financing of the business
Unlimited liability
Separate legal entity
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential source of financing for a sole proprietorship?
Stockholders
Bank loans
Personal investments
Debts from partners
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