Krolak EOPA Review

Imagine you want to invest in a business structure where you can own shares. Which type of business structure allows for this?

• Sole Proprietorship

• Partnership

• Limited Liability Company

• Corporation

John is starting a new business and wants to ensure that his personal assets are protected in case the business faces any legal issues. Which business structure should he choose?

• Partnership

• Corporation

• Limited Liability Company

• Sole Proprietorship

John and Sarah decide to start a business together. What is a key feature of their business arrangement?

• Limited liability for all members

• Shares traded publicly

• Owned by one person

• Joint ownership and operation

Imagine you're starting a new tech startup. Which planning tool is essential for guiding your startup's business activities?

• SWOT analysis

• Financial forecast

• Business model canvas

• Marketing plan

What technique is crucial for fostering business growth in a small tech startup?

• Applying marketing techniques

• Cost-cutting

• Outsourcing

• Product diversification

How can XYZ Corporation effectively manage its financial resources to ensure long-term success?

• Planning and evaluating the use of financial resources

• Cutting employee benefits

• Through investment in stocks

• By increasing debt

When expanding your business to international markets, what is crucial for success?

• Avoiding online marketing

• Understanding and adapting to different cultures

• Ignoring cultural differences

• Focusing solely on local markets

Imagine you're evaluating the structure of MegaCorp Inc. Which of the following is NOT a characteristic of MegaCorp Inc. as a corporation?

• Managed by a board of directors

• Can issue stocks

• Owners have limited liability

• Profits are not taxed at the corporate level

Imagine you're starting a coffee shop business. What is the primary advantage of registering it as a Limited Liability Company (LLC)?

• No need for an operating agreement

• Taxation similar to a partnership

• Unlimited members

• Unlimited life

John and Sarah are starting a business together. What type of business structure typically requires them to have an agreement among themselves?

• Corporation

• Sole Proprietorship

• Partnership

• Limited Liability Company