Business Organization Video

Business Organization Video

12th Grade

10 Qs

quiz-placeholder

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Business Organization Video

Business Organization Video

Assessment

Passage

Business

12th Grade

Medium

Created by

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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