Review Corporation vs Proprietorship
Authored by Alexandra Rivera
Business
12th Grade
Used 5+ times
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50 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Goods that a business purchases in order to sell.
merchandise
merchandising business
retail merchandising
business
share of stock
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business that buys and resells merchandise primarily to
other merchandising businesses.
wholesale
merchandising
business
merchandising business
retail merchandising
business
share of stock
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An organization with the legal rights of a person which
many persons or other corporations may own.
wholesale
merchandising
business
merchandising business
retail merchandising
business
corporation
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The assets or other financial resources available to a
business.
capital stock
capital
charter
controlling account
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The maximum outstanding balance allowed to a customer by
a vendor.
capital stock
credit limit
charter
controlling account
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A list of assets, usually containing the value of individual items.
list price
due date
general amount column
inventory
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A listing of vendor accounts, account balances, and the total
amount due to all vendors.
schedule of accounts payable
price list
general amount column
inventory
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