Recap on Different types of business entities
Authored by Hannah Page
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University
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10 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is a type of business entity that is owned and operated by one person?
Partnership
Corporation
Sole proprietorship
Limited liability company
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which type of business entity has owners known as shareholders?
Sole proprietorship
Limited liability company
Corporation
Partnership
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What type of business entity has owners known as partners who share profits and losses?
Corporation
Sole proprietorship
Limited liability company
Partnership
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which business entity offers limited liability protection to its owners?
Corporation
Sole proprietorship
Partnership
Limited liability company
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What type of business entity has a separate legal existence from its owners?
Sole proprietorship
Partnership
Corporation
Limited liability company
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What type of business entity is not a separate legal entity from its owner?
Corporation
Limited liability company
Partnership
Sole proprietorship
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which type of business entity is considered a hybrid between a corporation and a partnership?
Limited liability company
Sole proprietorship
Partnership
Corporation
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